It's taking out work we don't need to do anymore and getting it out of the company. We're a much simpler company than we were 24 months agoBank of America to cut costs by $5 billion Sep 12, 2011
We do not have to be the biggest company out there. We have to be the bestBank of America to cut costs by $5 billion Sep 12, 2011
Brian Thomas Moynihan (born October 9, 1959) is an American lawyer, businessman and the President and CEO of Bank of America. He also joined the Board of Directors, following his promotion to President and CEO.
Moynihan was born in Marietta, Ohio in 1959. He is the sixth of eight children. The youngest of the eight, Moynihan's brother, Patrick, is the president of The Haitian Project, which runs a private Catholic boarding school for Haiti's disadvantaged in Port-au-Prince.
Moynihan graduated from Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry.