Bank of America CEO skips bonus

Five of the top six CEO’s of the nations largest financial institutions will not be getting bonuses for 2008.  Seems someone goofed when making policy surrounding those pesky mortgages.  It’s been said it wouldn’t look good.  We’ll see if they get some kind of retention pay or something of the sort…

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Bank of America to cut 35,000 jobs

Bank of America announced plans to cut 35,000 jobs over the next three years.  Blamed on they recent acquisition of Meryll Lynch, but also due to economic pressure, the cuts will affect all line of the business.

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