Bank of America CEO Brian Moynihan is stepping up rhetoric in defense of transgender rights in his bank's home state of North Carolina.
"We've been steadfast in our commitment [against] discrimination," Moynihan said during a shareholder meeting in Charlotte on Wednesday. He was responding to a question asking how he would continue to fight HB2, or the controversial bathroom bill, as it is also known. "We have been a leader in LGBT practices since the 90s."
While executive compensation, clawbacks and other run-of-the-mill annual meeting issues were on the ballot, it's clearly something weighing on North Carolina investors' minds. When Bank of America's Q&A session began, HB2 was the first topic one questioner, who did not disclose his last name, sought to address.