Moynihan: 'My entire net worth' is tied up in BofA

Despite big falls in his shares worth $3.4m, the bank chief executive pledges to buy more stock

Brian Moynihan, chief executive of Bank of America, said on a conference call that his entire net worth was tied up in the company, which is unfortunate given that the shares have fallen 50% this year.

Moynihan participated in a call hosted by mutual fund manager Fairholme Capital Management yesterday, which attracted more than 6,000 listeners.

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