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Cathy bessant salary

Cathy bessant salary


cathy bessant salary $11,568,281 View details. Feb 01, 2021 · Bank of America's Chief Operations and Technology Officer Cathy Bessant leads a team of nearly 100,000 people. She had previously been chief technology & operations Jul 20, 2020 · Bank of America's Chief Operations and Technology Officer Cathy Bessant Joins Year Up Charlotte to Celebrate First Graduating Class. "We do not have an innovation lab or an innovation team," Bessant said in a statement. 20, 2020, 11:00 AM. Ms. Reflecting on one of the biggest jobs in financial technology — or anywhere in banking, for that matter — Catherine Bessant waxes philosophical: “Is technology a Feb 13, 2012 · Two years ago, Catherine P. Total Compensation. Andrea Smith is retiring after 34 years, most recently as chief administrative officer. Bessant and Smith have been key civic leaders in Charlotte for many years. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Cash Confessional: A week of spending in Charlotte on a $180,000 salary. Catherine Bessant. Oct 07, 2020 · The bank still employs resident experts in certain areas where the bank is looking to innovate, Wadley said. Bessant is Co-COO & Chief Technology Officer at Bank of America Corp. She had previously been chief technology & operations officer for more than a decade. Mar 08, 2019 · Cathy Bessant: What 'the most powerful woman in banking' learned from a demotion . Woods, president and CEO of Atrium Health. Dec 10, 2020 · Cathy Bessant is chief operations and technology officer at Bank of America, and is a member of the company’s executive management team. Most Read. . She turned around troubled business units, rebounded after a demotion and beat cancer. Country of residence : Unknown. 1 . Aug 03, 2021 · Cathy Bessant is the chief operations and technology officer at Bank of America. Presently, Catherine P. There are 5 executives at Zurich Insurance AG getting paid more, with Mario Greco having the highest compensation of $9,300,000. Apr 19, 2021 · On October 13, Michael Dell, Ray Dalio, Bank of America Chief Operations and Technology Officer Cathy Bessant, WeWork Executive Chairman Marcelo Claure, Levi Strauss & Co. She had previously been chief technology & operations Sep 10, 2020 · According to multiple reports, the embattled bank looked at Lake, Fraser and Bank of America chief operations officer Cathy Bessant. Biography of Catherine Bessant. These are the seven key leaders reporting to Bessant. Aug 11, 2021 · Bank of America has a $14 billion annual tech-and-operations budget. 46 effective July 1, 2021. Bank of America’s Cathy Bessant will participate in a fireside chat with Year Up Founder and CEO Gerald Chertavian on July 23 during a virtual graduation ceremony Feb 10, 2021 · There, Keller-Busse is likely to find a kindred spirit in Catherine «Cathy» Bessant, who oversees operations and technology at Bank of America. Bank of America CEO Brian Moynihan had said in June, during the week when Goldman Sachs first required workers to return to offices, that there was a desire to return among remote employees. But innovation is "part of everyone's job who works here," Cathy Bessant, Bank of America's chief operations and technology officer, has said. Photo via Bank of America. Median Salary Mean Salary Low Base Salary High Base Salary; Consulting: 33%: $145,000: $135,754: $70,000: Cathy Bessant Chief Operations & Technology Officer Catherine P. These are the top execs now running BofA's reorganized tech and ops divisions. Bessant is also on the board of 6 other companies. READ MORE Mar 14, 2019 · Cathy Bessant has been called the most powerful woman in banking. Sep 14, 2021 · Cathy Bessant is leaving her role as chief technology and operations officer at Bank of America in Charlotte to become the bank’s vice chair of global strategy, based in Paris. 4 million field house for field hockey at William & Mary that is set to open in the Feb 10, 2021 · There, Keller-Busse is likely to find a kindred spirit in Catherine «Cathy» Bessant, who oversees operations and technology at Bank of America. Jul 24, 2015 · Cathy Bessant, the Charlotte-based head of technology and operations for Bank of America, probably did not expect the question that was posed to her by a Girl Scout on Thursday. She has assessed the how the pandemic has impacted her team, and has some concrete Cathy Bessant and John Clay have served on the university’s Parent and Family Council. Jan 24, 2018 · Despite prevailing wisdom, Cathy Bessant doesn’t want Bank of America to fail fast or often. Apr 22, 2021 · The 2025 Charlotte-Mecklenburg Housing & Homelessness Strategy is led by Cathy Bessant, Chief Operations and Technology Officer for Bank of America and Eugene A. The chief operations and technology officer for Bank of America oversees 95,000 employees and contractors in 35 countries and a Oct 01, 2019 · Cathy Bessant: Bank of America's top tech exec takes on AI. Apr 23, 2021 · On October 13, Michael Dell, Ray Dalio, Bank of America Chief Operations and Technology Officer Cathy Bessant, WeWork Executive Chairman Marcelo Claure, Levi Strauss & Co. A. She has been the chief technology and operations officer for 12 years. Public asset : 37,501,688 USD. Samantha Swann @SSwannSHJ Friday Mar 8, 2019 at 8:08 PM Mar 8, 2019 at 8:08 PM. In 1999, Cathy became a president of Consumer Real Estate Banking at Bank of America Corporation. Median Salary Mean Salary Low Base Salary High Base Salary; Consulting: 33%: $145,000: $135,754: $70,000: Cathy Bessant Chief Operations & Technology Officer Jan 24, 2018 · ‘AI isn’t just technology, it’s good judgment’: Cathy Bessant on why banks need humans . Nearly 50 city, county, non-profit and corporate leaders are all part of this comprehensive community undertaking. The chief operations and technology officer for Bank of America oversees 95,000 employees and contractors in 35 countries and a Sep 10, 2021 · Cathy Bessant is moving to Europe to become vice chair of global strategy. Bessant owns over 89,004 units of Bank Of America stock worth over $21,488,544 and over the last 4 years she sold BAC stock worth over $500,070. Jul 20, 2020 · Bank of America’s Chief Operations and Technology Officer Cathy Bessant Joins Year Up Charlotte to Celebrate First Graduating Class . Kerrison, who is Bank of America’s chief technology officer and leader of its Technology and Infrastructure Services (TIS), has been given a bigger remit and will now report directly to Bessant, who is BofA’s top tech executive, Insider has learned. Salary transparency may be rare, but businesses like Catherine P. The charts on this page feature a breakdown of the total annual pay for the top executives at BANK OF AMERICA CORP as reported in their proxy statements. When Brian Moynihan took the helm of Bank of America 11 years ago, one of the first things he did was task Cathy Bessant, a veteran of the bank, with centralizing its technology and operations teams. Age : 60. Jul. #25 View more. Bank Sep 08, 2021 · County Manager’s base salary, combined with a deferred compensation of 5% 401k match and her expense allowance, equaling a total of $446,275. CFO Harmit Singh and Sep 10, 2020 · According to multiple reports, the embattled bank looked at Lake, Fraser and Bank of America chief operations officer Cathy Bessant. (Cathy) Bessant the most powerful woman in banking. UBS and Zurich don't directly compete, though the bank has increasingly tapped into the wider insurance ecosystem including by partnering with Swiss Re, the world's largest reinsurer, last summer. Oct 01, 2021 · What is the salary of Catherine Bessant? As the Non-Executive Independent Director of Zurich Insurance AG, the total compensation of Catherine Bessant at Zurich Insurance AG is $300,000. In addition, she makes $0 as Chief Operations and Technology Officer Nov 01, 2021 · What is the salary of Catherine Bessant? As the Non-Executive Independent Director of Zurich Insurance AG, the total compensation of Catherine Bessant at Zurich Insurance AG is $300,000. Jul 20, 2020 · Bank of America's Chief Operations and Technology Officer Cathy Bessant Joins Year Up Charlotte to Celebrate First Graduating Class. PRESS RELEASE PR Newswire . Bessant. 2020 (795) tháng một 2020 (795) 2019 (849) tháng mười hai 2019 (712) torwartin Yannick Merz - Karlsruher SC II - zum Ab kreisliga passau Pressekonferenz Oct 07, 2020 · The bank still employs resident experts in certain areas where the bank is looking to innovate, Wadley said. For the past three years, American Banker magazine has named Catherine P. Motion was made by Commissioner Altman, seconded by Commissioner Leake and carried 7-2 Oct 10, 2019 · Indeed, last year Bank of America’s own technology officer, Cathy Bessant, told CNBC that crypto payment systems are “troubling. Pay Rank By Title. Executive Editor, Technology at American Banker and Arizent. ” “The foundation of the banking system is on the transparency between the sender and the receiver, and cryptocurrency is designed to be nothing of the sort. Bank of America’s Cathy Bessant will participate in a fireside chat with Year Up Founder and CEO Gerald Chertavian on July 23 during a virtual graduation ceremony Dec 03, 2019 · Cathy Bessant, 59, the chief operations and technology officer at Bank of America, donated $1 million for a $2. IT Chief Of The Year: Bank Of America's Cathy Bessant - InformationWeek Aug 11, 2021 · Bank of America has a $14 billion annual tech-and-operations budget. Bessant was tapped to lead Bank of America's Global Technology and Operations (GT&O) group, which has more than 100,000 staffers and contractors in 40 countries. Sixteen years later she was appointed a president of Community Development Banking at the same corporation and held the position until 2000. When Brian Moynihan took the helm of Bank of America 11 years ago, one of theContinue Reading Dec 01, 2014 · Bessant leads BofA's 100,000-person technology and operations group as the bank scraps back from financial and regulatory disaster. Named the banking industry’s most powerful woman in 2018 by American Banker, Bessant has helped BofA retain its leadership in mobile banking. Linked companies : Bank of America Corporation - Zurich Insurance Group AG. CFO Harmit Singh and Jul 20, 2020 · Bank of America’s Chief Operations and Technology Officer Cathy Bessant Joins Year Up Charlotte to Celebrate First Graduating Class . Bessant oversees a $14 billion annual tech budget and 95,000 employees globally. Jun 01, 2020 · 4. January 24, 2018 by Tanaya Macheel. Bank Feb 01, 2018 · When Cathy Bessant speaks, the banking world tends to listen. The chief operations and technology officer for Jul 08, 2014 · Catherine Bessant. Meet the team of eight leading those divisions under its tech exec Cathy Bessant. Apr 10, 2015 · The career-defining moment when BofA's Cathy Bessant learned her co-workers didn't like her Hilary Burns , Bizwomen Reporter Apr 10, 2015, 3:51pm EDT Bessant began her career as a corporate banker at Bank of America Corporation in 1982. That may be the mantra of tech companies in California, and banks largely see themselves as tech companies, but that’s actually where they differ. Sep 10, 2021 · Cathy Bessant will become vice chair, Global Strategy. Now Bank of America’s chief operations and technology officer is taking on her biggest challenge yet: ensuring AI is used responsibly. CFO Harmit Singh and Mar 14, 2019 · Cathy Bessant has been called the most powerful woman in banking. Catherine P Bessant, Bank of America. Apr 18, 2018 · Cathy Bessant. It eventually hired former BNY Mellon CEO Charles Scharf. Here Sep 13, 2021 · Cathy Bessant Bank of America Announces Senior Leadership Changes Bank of America announced senior leadership changes, adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. May 18, 2021 · Cathy Bessant’s leadership table, that is. After a long and successful career in the industry, she has witnessed many of its ups and downs. Now, as the chief operations and technology officer at Bank of America, she is at the cutting edge of arguably the biggest transformation that she or any of her contemporaries have witnessed. Aug 13, 2021 · Meet the 8 people reporting to Bank of America's top tech exec Cathy Bessant who help oversee a $14 billion annual budget and 95,000 employees Bank of America has a $14 billion annual tech-and-operations budget. The estimated Net Worth of Catherine P Bessant is at least $22 Million dollars as of 1 March 2021. Their daughter, Meredith Clay '18, is a member of the Tribe Field Hockey team. Mar 03, 2021 · Catherine Bessant Net Worth. Aug 02, 2021 · Bessant oversees a $14 billion annual tech budget and 95,000 employees globally. 'Are some bankers Jul 20, 2020 · Bank of America’s Cathy Bessant will participate in a fireside chat with Year Up Founder and CEO Gerald Chertavian on July 23rd during a virtual graduation ceremony The nonprofit workforce development program Year Up Charlotte will be holding a virtual graduation ceremony to celebrate its inaugural graduating class at 6:00 pm on July 23rd. cathy bessant salary

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At a former Bank of America branch on North Graham Street, just around the corner from what used to be drive-through lanes, flashing lights mark the entrance to an arcade.

But there’s no Skee-ball at this arcade.

Inside are online slots and “fish games,” where you bet money to shoot at colorful fish swimming across the screen. Another location even had poker.

In short, it’s gambling.

What’s happening: Charlotte police say they don’t know how many arcades like this there are here. But using Google search results, Axios conducted an analysis that revealed more than 30 citywide. There are likely more, as many do not have addresses listed or do not appear in search results.

  • Nearly 70% of those we did find were located in the lowest-income neighborhoods, where the average household earns below $51,000.

The legality of the businesses is murky, at best. Games of chance are banned in North Carolina, and some games, like slot machines and video poker, are explicitly prohibited.

Driving the news: State legislators have introduced a bill that, if it passes, would legalize some video gambling machines.

  • The idea is to capture some of the revenue from the gambling operations and direct it toward state needs, like higher education.

Why it matters: In addition to the legal concerns, the concentration of arcades in the poorest areas of town raises questions about wealth being extracted from those who can least afford it.

  • For instance, on a changing stretch of The Plaza, three arcades entice passersby with glitzy neon lights and large signs advertising skill games.
  • But just around the corner, down 36th Street, is the main section of NoDa, one of the busiest neighborhoods in the city. There are no gambling houses in NoDa.

Community leaders believe those patterns are intentional.

Jeff Pharr, a board member of the North End Community Coalition, says the arcade in the former bank on North Graham is symbolic in many ways, and it’s an impediment to the progress he wants to see.

Pharr questions why in the “crescent,” where the low-income and minority populations of the city are concentrated, there are plenty of arcades, but few essential community amenities.

Meanwhile, in the“wedge,” the wealthier, whiter southeastern section of Charlotte, he sees bank after bank, and grocery store across from grocery store.

  • “I have never seen something that proliferated in poorer neighborhoods that doesn’t proliferate in richer neighborhoods that turns out to be a really positive thing overall,” he said.

Data: Axios research; Note: Arcade locations are approximate and based on Google search results; Map: Kavya Beheraj/Axios

Between the lines: There’s a direct relationship between the income of residents in a census tract, and the location of arcades, Axios’ analysis found.

  • The average household income of a census tract without an arcade is $75,278. For those with at least one arcade, it was $44,299.
  • As the number of arcades in a census tract increases, the average household income largely decreases. Add one arcade, and it’s $42,766. The average income in a census tract with two arcades is $51,587. Add a third arcade, and it’s $36,991.

Zoom in: The only census tract with three arcades that we identified is on Charlotte’s west side, along Wilkinson Boulevard. It encompasses the Ashley Park and Westerly Hills neighborhoods, and part of the areas on the other side of Wilkinson.

Rickey Hall, board chairman of the West Boulevard Neighborhood Coalition, has been working to improve economic mobility and quality of life in the adjacent West Boulevard corridor.

But he sees the arcades concentrated near the area as a detriment to those efforts.

  • “It just seems that these lost wages machines are popping up everywhere as a growth enterprise … that stands to gain significantly, while the community and families and individuals and lives are heavily impacted,” he said.
arcade in former bank North Charlotte

An arcade has opened in a former Bank of America branch on North Graham Street. Photo: Danielle Chemtob/Axios

Legal concerns

Arcades often try to justify their legality by saying the games they offer are based on skill, says Chris Poole, special agent in charge of the North Carolina Alcohol Law Enforcement’s Gaming Section.

But in my experience visiting them, there was little skill involved.

  • To play the online slots, you give the cashier money, and in exchange he gives you a code that allows you to log into one of the computers. Then you select from several themes, choose how much money you want to bet, and start spinning.
  • The fish game resembles more of a video game than a traditional Casino-style one. You sit at a long table, add money directly into the machine, and choose your weapon against the fish. A button allows you to adjust your bet, and you use another button to “shoot” and capture the fish, mermaid or other sea object that flies across the screen. The bigger the item you catch, the more you can win.

Yes, but: Whether or not the games are based on skill, a gaming machine in North Carolina cannot legally pay out cash or a cash equivalent like a gift card, Poole tells me. But these still do.

  • The only exception to that would be in game of skill, like Pac-Man or other typical arcade games, businesses can provide up to $10 worth of merchandise one time. Machines also cannot allow you to bet more than eight credits in one play.

Poole’s office has visited around 300 sweepstakes locations across the state in the last four years. They’ve yet to see one that was operating within the law.

Ultimately, unless it’s a business with an ABC or lottery permit, it’s up to local law enforcement to decide what to do, he said.

Sheriffs across North Carolina commonly receive calls from desperate family members, after a relative spent their paycheck at the arcades, says Eddie Caldwell, executive vice president and general counsel of the North Carolina Sheriffs’ Association.

  • “These folks are preying on the folks that are least financially able to take a hit,” he tells me. “And then they can’t pay their rent, can’t pay their electric bill, can’t provide for their children, can’t buy their medicine.”

But in order to bring a case against an arcade, Caldwell says law enforcement has to go undercover and play the games to determine they are illegal.

An arcade on West Morehead Street. Photo: Laura Barrero/Axios

The resources of law enforcement, and the willingness of district attorneys to prosecute cases, Poole says, factor into how aggressive enforcement is. Some counties, he said, have eliminated the sweepstakes locations through their actions, while for others, it’s not as high of a priority as violent crime.

  • Charlotte-Mecklenburg Police have continued to see an uptick in the number of arcades in the area, says CMPD spokesperson Rob Tufano. Police work closely with ALE to enforce the gambling laws against those that are operating illegally, he said.

I contacted numerous arcades between in-person visits, phone calls (though many of the numbers were disconnected) and messages, and was unable to reach any owners or managers for an interview.

Legislative efforts

There are two approaches that have long been taken for what some call “vices” like gambling: prohibition, or regulation.

Flashback: For a long time, North Carolina tried the first approach.

But that has failed, says state Rep. Harry Warren, a Republican from Rowan County who is one of the sponsors of the bill to legalize some video lottery games.

  • “Most times when you try to eliminate an activity, a vice activity like this, or what some people would call a sin activity, what you really do is drive it underground,” Warren tells me. “And so, this brings it out in the open and regulates it, brings integrity to the play, and provides the opportunity for people to play in a safe way.”

Details: The bill would allow video gambling machines to be regulated and licensed by the state lottery commission. The odds of winning each game must be posted nearby, and the games can’t allow people to wager more than a certain amount.

  • The state would get 40% of the revenue from the games, Warren said, operators would receive 35%, and merchants would keep 25%.

Potential windfall: Warren estimates the legalization of the machines will produce around $992 million in revenue for the state in five years. That’s based on a report a consultant conducted for the state on the gaming machines a few years ago.

  • Using the proceeds from video gambling, the state would distribute $2 million per year to each of the state’s five public HBCUs, as well as UNC Pembroke, Warren said.
  • The bill also establishes a forgivable loan program for community college students, provides grants to law enforcement agencies to pursue illegal gambling cases and adds funding for more ALE officers.
  • Money left over will flow to the state’s general fund.

Yes, but: Elsewhere, those kinds of revenue projections haven’t panned out. A 2019 ProPublica investigation found that in Illinois, which allowed video gambling in the wake of the recession, brought in more than $1 billion less than what lawmakers anticipated, while regulatory costs were higher than expected.

  • Warren says he’s pretty confident in the state’s revenue predictions.

The bill still has to be approved by the full state house and senate. But there’s momentum, Warren said, around addressing gambling, particularly as a sports betting bill works its way through the legislature.

The other side: The sheriffs’ association is concerned that the bill doesn’t outlaw the machines currently in existence, Caldwell says. Warren says it doesn’t need to, because they already are banned.

  • No matter what, Caldwell says the sheriffs’ association opposes the bill because of the societal and public safety problems video gambling poses.

Community concerns: Back in Charlotte, community advocates are skeptical.

  • Hall believes the benefits should be reaped directly by the neighborhoods that are harmed by the arcades.
  • “None of that wealth creation is being left in the communities in which it is being taken out of,” he said. “And that comes from the pockets of those who can least afford to do it. That doesn’t seem right to me.”
Источник: https://charlotte.axios.com/280659/exclusive-those-skill-games-arcades-feed-off-of-charlottes-lower-income-neighborhoods/

Senior vice president salary bank of america



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The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $285,810 to $597,385 with the average total cash compensation of $474,329. Senior Vice President, Private Client Advisor. senior vice president salary bank of america


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