Rumors are circulating that our CEO BM is planning a 10% salary increase for all employees. While not yet confirmed, the potential raise has sparked excitement and speculation across the company. Woo hoo!!!
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He’s going to announce that everyone making $25/hour will get bumped to $26/hour.
10% salary increase that amortizes over 100 years = a penny a day.
Congratulations everyone! :-D
@13k - I look at it in reverse.... every time the Bank does something (evil), they need to do some PR thing for damage control or to distract.
that said, they never do any "good" thing just for the sake of being good.
always a greedy power-hungry control-driven ulterior reason.
You have to remember that every time the bank appears to do something good, there is always an evil consequence. I don't think this post is true but if it was they'd give everyone the raise, make sure it got a lot of good PR, and then they'd raise health benefits costs by 15%
Doubtful.. we don’t like to pay. If they did do this they would be like “to be paid over 10 years at 1% per year in replacement of annual increases” lol
The one bank that is widely known for not giving raises and even more known for cutting bonuses over the last decade. Is going to just give out 10% raises now? Haha!!! Credit unions treat their employees better than this place does.
Bank of America has looong been known to be the sweatshop of Wall St., the icon of garbage when it comes to fair compensation in relation to the income generated by the employee. It’s so bad now that it’s nearly impossible to recruit anyone other than recent college grads, or those who have been rejected by many others (or fired). Nobody leaves one employer in good standing for Bank of America. I can’t even get some of my industry peers to even meet for a discussion to come over because they already know the compensation su-ks and far from worth the effort. In short, working for Bank of America = Life’s too short! I’m just waiting for my area of the economy to turn the corner back to prosperity now that COVID and Joe Biden are gone, and then I’m 100% jumping ship and have no interest in honoring the gardening clause. I will be poaching every client I can (already have the contact info for all of the lm saved off site.) I’m sick of this place and the CHEAP A-S policy!
That's just a rumor.. but this is not
"Bank of America awarded CEO Brian Moynihan a total compensation package of $41 million for his 2025 performance, reported in February 2026. This 17% increase from the previous year consisted of a $1.5 million base salary and $39.5 million in equity incentives, with no cash bonus, reflecting strong bank profits and 13% higher net income."
This is almost menaer than the layoff rumors 😂
This rumor is to distract us from this
https://www.reuters.com/legal/government/judge-rules-bank-america-must-face-lawsuit-over-jeffrey-epstein-ties-2026-01-29/
Considering we don’t even have money to buy pizza for a team, I’d eat my shoe if this was even half true
@OP COMPLETE FANTASY!!!
Yes, we will be getting a 10% raise spread out over the next 5 years. Guaranteed.
B3 here confirming the same
Is this is another fictious topic in lieu of monthly massive layoff announcements? Maybe in the next life if I am stupid enough to work at BOA again.
I haven't heard anything about this
Man I wish! I want to be optimistic but this isn’t believable at all. Not sure how that would even be feasible.
I don't believe that we will be getting a 10 percent pay raise. This CEO has no freaking idea how many people are struggling to make ends meet on this awful salary we get here. We are no where near to keeping up the cost of inflation. He should be ashamed of himself to get his 41 million a year salary while his employees get pennies for a raise .
@a3 heard the rumor effective March 1st, 2026. No need to wait until April 1st.
Is it April 1 already???