video transcript

Bank of America for. For all its problems may actually be an industry leader of one particular art and that's in the way he's its CEO Brian went ahead. He got a big rays which may seem unusual given the lingering problems that it. But Agnes has a different perspective on things and. You can't say a couple of things bank excuse me what -- just put into context. Of and how they're fortunate -- -- based in -- last year. He they're stock up beaten down so badly in 2011 and 2000 when under which -- Size doubled and that also that their return on Massa also. I mean a lot of from a days having visited this is the issue right -- and -- return to Europe. There's nothing tonight. About. -- much bigger program. And the bottom line obviously instilled and restrained lives overhang of bad loans. Some legal worries. Definitely it's now a lot of outstanding. Liability here. Urged the country what is what is currently in service the speaker because. -- got into the big pay -- obviously the real problems. James Gorman Morgan Stanley also doubled the last one yeah. I think it's better and I I do think like things and pick them there are rights I mean that's where he's gonna get. You summit in a fatter paycheck and that's pretty to -- in the one thing to kinda keep an eye on now is that about half. Twelve point 19 when he got four. 2012. But half that is going to be tight future performance now they were they didn't give a whole lot of details about what kind of hurdle rate than -- they -- to return on some. So they're really specific targets that he'd that the bank needs to hit before he gets any exact and if you -- -- that's why. Exactly and so and they're tying it to return on assets and -- -- Just. Little unclear what that means it's also unclear what kind of targets that we look at levels the Pakistan but not everybody accepts these kinds of specific target. And this is a good thing I think this is -- good thing. Because of basically you know it gives him a bit of care to stay hungry to it basically make sure the -- and not just stock switch back you know. It also includes -- -- -- yeah let's face it. A lot of the a lot of the increased last year was also due to how badly beaten down on things that were beyond its control and I'm. I live was doing -- -- with a lot of -- accident proceeded and the concern I guess is that the hurdles -- -- ultimately what we saw with the current and that's what it turned out to the color really not a high. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- If they're going to be hard numbers that aren't going to be able they're -- and -- at bats. Right into the thick of you know closer look we get more details about to see if these are really strong enough to but the path as a good -- that is the point there that. And it will leave it there we'll keep an eye out for these details would back war. Britain used.