Despite Protests, Bank of America CEO's $7 Million Pay Approved

By Mitch Weiss and Pallavi Gogoi of AP, with AOL Jobs


CHARLOTTE, N.C. -- Four people were arrested Wednesday as they tried to force their way into the annual Bank of America shareholders' meeting in Charlotte. Police used a new ordinance to declare the gathering an extraordinary event subject to special restrictions.

Despite the unruly protesters outside and (somewhat) more civilized inside, the shareholders did sign off on the $7 million pay package for Bank of America CEO Brian Moynihan.

Hundreds of people gathered on the streets as dozens of police officers worked to contain the protest.