Bonus Time For Bank Of America Employees

Bank of America says thousands of employees will receive bonuses of up to about $1800 over the next few months as a reward for the Charlotte-based bank's 2006 financial performance. Under its "Rewarding Success" bonus program, the nation's number two bank promised $500 if net income before merger and restructuring costs beat a minimum target of $20.5 billion. The promised sums went higher if the company made more money. The award also increased additionally if the company's stock price closed at least $8 or higher on the last trading day of the year.