Bank of America’s new CEO, Brian Moynihan, didn’t bother to ask what his salary would be when he accepted the job late last year. In fact, he’s been working for almost a month without knowing how much he’s getting paid. Maybe he assumed he’d get a deal like predecessor Ken Lewis, who earned an annual salary of $1.5 million (plus bonus), and pocketed over $50 million to walk out the door at the end of last year. Well, Brian, here’s why job coaches always tell you to ask about money upfront: Instead of $1.5 million, you’re stuck with a meager $900,000 this year. And your bonus? Yeah, we’ll get back to you on that. [More]
