Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Emma Burleigh

Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,’ CEO says

Brian Moynihan, chief executive officer of Bank of America (Credit: Bloomberg / Contributor / Getty Images)

Weight-loss drugs are becoming a popular employee perk, with almost a third of workers saying they’d switch jobs to get GLP-1 coverage. Now, Bank of America is spending $250 million or more yearly on the drugs for its staffers—and CEO Brian Moynihan says the upsides are well-worth the eye-watering cost.

“What we see is a great impact on the employees,” Moynihan recently said in an interview with CNBC. “We’ve always been about mental wellness, physical wellness.”

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.