Wall Street Grand LLC, a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about the recent employee bonuses given to 4% of Bank of Americas bankers. Bank of America Corp. (NYSE:BAC) on the “New York Stock Exchange” under the symbol: BAC. To learn more about Bank of America Corp. (BAC), make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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Bank of America Corp, (NYSE:BAC) will pay certain employees all together bonuses of nearly $4.4 billion for the year of 2009, or an average of $400,000 an employee, a person close to the bank said. Close to 95 percent will be paid in stock vesting over about a three year period. Those receiving the smallest bonuses will get about half their compensation in cash, paid later this month. The unit accounts for 10,000 people, or 4 percent of the bank’s 283,000 workers, the person said
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