Rumors Moynihan is Leaving the Company Are “Dopey”

FOX Business Network’s Charlie Gasparino reports amid rumors that Bank of America (BAC) CEO Brian Moynihan “is under tremendous pressure to turn the stock around or he will have to go” Moynihan’s publicist said “talk of Moynihan’s departure is ‘dopey’.”  Excerpt from the report, courtesy of Fox Business Network.

On whether Bank of America CEO Brian Moynihan is leaving the company:
“His PR guy said talk of Moynihan’s departure is ‘dopey’. I have spoken to at least four people close to Mr. Moynihan; they tell me he is under tremendous pressure to turn the stock around or he will have to go.”