Bank Of America (NYSE: BAC) Global Wealth President Staying Put, Merrill Pay Structure To Remain Same

Bank of America’s (NYSE: BAC) global wealth unit president Sallie Krawcheck said she has no plans to leave the company and that the pay structure for the bank’s Merrill Lynch financial advisors is not set to changes, according to recent reports.

The comments were made in an email by Krawcheck, that was obtained by Bloomberg. In the email, Krawcheck states that adjustments to compensation of Merrill Lynch advisers “is simply not on the table.”

“Our businesses and I have the full support of Brian and the rest of my partners on his senior leadership team,” Krawcheck’s email read, according to Bloomberg.

The news follows yesterday’s rumors that some executives were looking to push Krawcheck out of her role.



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