bank of america ceo brian moynihan was awarded $14 mllion last year. while jp morgan chase ceo jamie dimon upped his salary to $20 million. bank stocks on average rose 41% in 2013. in today's cover story, the head coach of northwestern university's football program reiterated that being a student-athlete is "a full-time job" but he also qualified it-- saying he meant it from a responsibility-standpoint. it's the latest testimony in a national labor relations board hearing trying to determine if northwestern's players have a right to collective bargaining. northwestern football coach pat fitzgerald told a labor relations hearing that his players are required to attend meetings, and activities including conditioning sessions year-round. the only breaks-- eight weeks mandated by the nc- double-a. "there are 300-pages of schedules. yes, he has control over their lives as if they were an employee. that's the heart of the case." last summer, fitzgerald told reporters at a big ten media day, that his players are "going through a full-time job by being a stude

brian moynihan at bank of america talking about a simpler, narrow work framework is what we see thisning and media. >> it certainly makes it easier for you to go to coca-cola global brand. you say i want for you to create for me. how does the consolidation change your ability to do that here go >> it leverages. there is a duopoly developing. if the number two and three uspanies merge, the two of will be the strongest factors on the buy side. what we will do is be it a better position to negotiate more effectively for our clients on an integrated basis worldwide . >> integrated, does that mean twitter, cable tv? >> all of the above. you argue about whether twitter is better or google. it is meaningless really. i do think google and amazon are the strongest factors. what it is is looking at it in an integrated way. this deal today is sort of a reflection of that. >> comcast is buying time warner managed million subscribers and will divest 3 million subscribers in order to make the antitrust requirements. if you look at a map of the customer base, it is interesting because it is very co

she ran wealth management for bank of america until brian moynihan illuminated her position in a shakeupallie krawcheck battled her way to the top of a male-dominated industry twice. bet on is making a new women. an owns a 85 broads, organization to connect women in the work licensure is mapping out a new strategy for wall street's female rising stars. sallie krawcheck is "in the loop." it, thinkou have about your meteoric rise on wall street and still, we do not see a woman running a bang. we have janet yellen running the running gm and hillary clinton could be the next president. >> we have not gone sideways, we have gone backwards because this is what happens during crises. what i saw when i was on wall street is it is not getting rid of people who are different from itbecause they have cooties, is more i know the numbers around diversity and it adds to business results in theory but we are in a crisis mode and i need that person who i can trust today. they have an african-american ceo and they will have an indian american and they understand the advantages of diversity unless it come

. >> brian moynihan is getting a pay hike at bank of america, boosting his compensation by 17% to $14ear, 12.5 million dollars of that was stock grants, the $1.5 million moynihan did not receive a cash bonus. stock has doubled over the past several years. activists investor nelson tells pushing for atz breakup of pepsico, saying he will take the case to investors. the ceo said keeping the beverage and snack units together was in the best interests of shareholders. fox wins a legal battle against aereo, a judge granted a request to block the service. agreed toe court hear the case last month. news on walmart, julie hyman is at our breaking news desk. >> remember walmart came out several weeks ago and said its earnings for the fourth quarter would be at or below the low end of its forecast, it looks like the numbers are coming in at the low end, $1.60, analysts had lowered their forecast to $1.59, slightly beating on that basis. the companies sales coming out, $128.8 billion, that is a little below estimates here. probably most importantly, the company is coming out with a forecast for

. >>> bank of america ceo brian moynihan is getting a 17% raise for a 14 million paycheck in 2013. good pay for a well-run bank? not if you ask their customers. bank of america came in dead last in the american consumer satisfaction index's ranking of large commercial banks last year. is the bank's third year in a row in last place. >>> a little bit of cosmic justice in silicon valley. check out these tweets from brian acton. got denied by twitter headquarters. that's okay. would have been a long commute. a couple months later, facebook turned me down. a great opportunity to connect with some fantastic people. looking ford life's next adventure. both twitter and facebook turned him down for a job but that was so 2009 and, boy, how times changed. acton, along with his partner are now newly minted billionaires after facebook paid $19 billion for their messaging service whatsapp. it allows users to send text messages, videos and photos all without paying any pesky fees to your mobile provider. zane asher is live to tell us more. good morning. >> yes, i think what shocked most people i

that is roughly in line with what bank of america's ceo brian moynihan got paid last year.5% or so. businesswire, the service owned by berkshire hathway will potentially stop selling press releases to high frequency trade firms. it follows "wall street journal" article this month highlighting the advantages that high speed traders gained by getting information directly from business wire versus financial news wires like reuters, dow jones and bloomberg. although direct distribution of its electronic feeds to trading firms isn't illegal, business wire says it's concerned about its reputation. >>> and the italian central left leader matteo renzi will be naming his new cabinet today. the list of names will be released before a confidence vote set to take place on monday. >>> in corporate news, kering, formerly known as ppr posted a sharp drop in full year profits after it was hit by restructuraling charges. gucci, which accounts for around half of kering's market value, found sources fall in the fourth quarter. very difficult shoes to walk in, may i add. stephane sat down with

. >> bank of america is giving chief executive brian moynihan a raise. his salary and bonus for 2013 will be $14 million, a 17% increase. the bank is rewarding moynihan for leading it to its biggest profit i have not five years. j.p. morgan chase an also gave bonuses. >> the federal research is willing to race interest rates, dow futures down 25 points on the news. investors haven't had to worry about increases for five years and here's where we stand this morning. the dow jones is at 16,040. the s&p is at 1828. the nasdaq composite snapping its eight session winning streak opening at 4237. overseas markets reacting negatively to the federal reserve, tokes nikkei shedding more than 2%. >> there are two government reports scheduled for release today. we'll see if consumers are start to go feel the pinch from inflation, that will be the consumer price index when it comes out. we'll get a snapshot of the job market when the weekly jobless claims are released. >> rising housing costs are making it harder for americans to own their own home. reality track say

that total was about the same as bank of america chief brian moynihan. an jamie dimon and goldman sachs ceo lloyd blankfein. >>> hwe have brian white, canto fitzgerald global head of technology hardware and software. what has meg whitman been able to do over the past year that has confounded people who said she couldn't do it and it's back to 30. what's different? >> one thing is she's done a good job of marketing the story. i went back to october 2012 and the street consensus was 4.1 for fiscal '13. they about 356, yet the stock doubled. the real brilliance behind meg whitman is she took down numbers for this fiscal '13, set the barlow and she was able to meet expectations. that's been the real story. sales are down 10 consecutive quarters year-over-year. >> you sound like you are a doubter. you don't think the stock should be at these levels. >> we cover a broad range of i.t. vendors and it is very, very competitive. there's a lot of technology under the hood at great, great companies, that hp really doesn't have. they have a lot of commodity businesses