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Brian Moynihan Biography and Wiki
Brian Moynihan is an American businessman, investment banker, and Bank of America chairman and CEO. Following his 2010 promotion to president and CEO, he joined the board.
Brian Moynihan Education
Moynihan went to Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry. He then went to the University of Notre Dame Law School and earned his Juris Doctor before moving back to Providence, Rhode Island, where he joined Edwards & Angell LLP, the largest corporate law firm in the city.
Brian Moynihan Age and Birthday
How old is Brian Moynihan? Moynihan is 63 years years old as of 2022. He was born on 9 October 1959 in Marietta, Ohio, United States. He celebrates his birthday on 9 October every year.
Brian Moynihan Nationality and Ethnicity
Is Brian Moynihan Irish? Moynihan is of American nationality. He was born in Marietta, Ohio, United States. He is of Irish descent. READ ALSO: Stephen A Schwarzman
Brian Moynihan Family
His father worked for DuPont as a chemist, and his mother sold insurance. He has seven siblings, among his siblings are; Patrick Moynihan and Kathryn Moynihan.
Brian Moynihan Wife
Is Brian Moynihan married? Moynihan is married to Susan Berry. The couple has two children.
Brian Moynihan Height
Moynihan stands at an average height of 5 feet and 3 inches.
Brian Moynihan Net Worth
Moynihan has an estimated net worth of $106 Million.
Brian Moynihan Salary
Moynihan was paid a total of $23,163,179. $1,500,000 was received as a salary, $0 as a bonus, $0 in stock options, $21,395,424 was awarded as stock, and $267,755 came from other types of compensation.
Brian Moynihan House
Moynihan’s low-key persona has served him well. He has hidden his home and there are no photos of his home.
Brian Moynihan Political Party
And, as Moynihan revealed and Scott documented, BOA’s top management is solely responsible for any damage caused by the politicization of its operations. Moynihan also appears to be unaware that he embodies the problem he claims to be fighting. Scott asserted that “Moynihan is the greatest white supremacist and systemic racist at BOA, and one of the greatest in the world” as a millionaire CEO in charge of an environment he claims perpetuates a “racial and social justice crisis.”
Brian Moynihan Bank of America
Before becoming president of Bank of America’s consumer and small business banking (SBB) division in January 2009, Moynihan held a number of banking positions. In April 1993, he started working as a deputy general counsel for Fleet Boston Bank. He was Fleet’s executive vice president from 1999 to April 2004, in charge of the brokerage and wealth management division. He joined Bank of America (BoA) as president of global wealth and investment management in 2004 when FleetBoston Financial and Bank of America (BofA) merged. After Merrill Lynch was sold to BoA in September 2008, he was promoted to CEO, and in 2010, he succeeded Ken Lewis as CEO of Bank of America.
“[d]espite having recently told investors Bank of America… does not need to raise capital, CEO Brian Moynihan will accept $5 billion in capital from famed investor Warren Buffett,” Drew Sandholm of CNBC wrote on August 25, 2011. The arrangement not just astounded the Quick Cash dealers on Thursday, it likewise made them question Moynihan’s validity.”
John Carney of CNBC reported on September 12, 2011, that Moynihan had “once again laid out his company’s plan to meet regulatory capital requirements and denied that the bank will have to issue new stock to raise capital… [Moynihan] says that Warren Buffett’s $5 billion counts as Tier 1 Capital.” John Carney was referring to Moynihan’s statement. However, the investment has been largely ignored by the markets, most likely due to its resemblance to debt rather than capital.
Jillian Berman, a blogger for the Huffington Post, wrote on October 26, 2011, that BoA “has also been hammered in the stock and bonds markets” and “was the worst performer in the Dow Jones Industrial Average for two-quarters straight… while Moody’s downgraded the bank last month.” She made these comments in reference to the company. She added that even though Jamie Dimon, CEO of JPMorgan Chase, received a raise of $19 million in 2010, Moynihan’s salary remained the same at $950,000.
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In an article that appeared in Business Insider on December 27, 2011, Julia LaRoche stated that Moynihan “admitted the proposed $5 monthly fee for debit card users wasn’t the best idea.”He was quoted as saying: Customers responded to us in a way that no one anticipated. We stopped it after learning our lesson.”It was later reported that account closures increased by 20% in the final three months of 2011 as a result of the failed fee plan.
According to Business Insider, “a group of law professors and activists from a non-profit called Public Citizen sent a petition to Fed Chairman Ben Bernanke and Treasury Secretary Geithner asking them to consider breaking up and reforming Bank of America.” This request was made in response to the publication’s report.
Moynihan was selected as Chief Executive Magazine’s 2020 CEO Of The Year in July 2020. He currently resides in Wellesley, Massachusetts, and uses Bank of America’s private jets to frequently travel between Boston and the company’s headquarters in Charlotte, North Carolina. Some shareholders have been critical of this practice.
