Bank of America announces new worker benefit
Bank of America is offering a new stock awards program to their lower-level employees. Usually, these employees get a one-time cash bonus of $750. Now employees who make up to $500,000 a year will receive 65-600 stock units, depending on their compensation. The shares could be valued anywhere from $2,900 to $27,000 based on salary. The company says the stock awards “are designed to attract and retain talent.”
See "Bank of America announces new worker benefit", Matt Egan, CNN, January 26, 2022