CEO Says Bank of America Will Now Fight for Gun Control

Bank of America Corp. Chief Executive Officer Brian Moynihan said the company can’t just produce profits — it also has to wade into thorny debates.

The head of the second-largest U.S. bank said Wednesday that the firm needed to act on issues such as gun control, particularly because of the impact on employees who were affected by mass shootings.

“You had teammates in every one of those situations that led our team to say we’ve got to take a stand on something,” Moynihan said at the Bloomberg Global Business Forum. Companies have to both “produce a great profit, and make progress” for society, he said. (Read more from “CEO Says Bank of America Will Now Fight for Gun Control” HERE)

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