Moynihan Blocks Bank of America Broker Pay Cut
Dec. 20 (Bloomberg) -- Bloomberg's Michael Moore reports that Bank of America CEO Brian Moynihan blocked a proposal to cut the main component of most brokers’ pay for 2013. The plan would have reduced the so-called grid payout for Merrill Lynch financial advisers by two percentage points. He speaks on Bloomberg Television's "Market Makers."
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U.K. Targets Terror Posts, Encryption After Attack
54:20 - Keith Rabois, a Khosla Ventures partner, and Bloomberg's Caroline Hyde discuss the U.K. government urging social-media platforms to tackle terror posts on their sites as it reinforced its demand to allow access to encrypted messages. They speak with Bloomberg's Emily Chang on "Bloomberg Technology." (Source: Bloomberg)