Bank of America Keeps CEO’s Pay at $26.5 Million
By: Wall Street Journal
February 8, 2020
Bank of America Corp. greenlighted a $26.5 million pay package for its top executive in 2019 after the bank’s shares marked their best run in years.
Brian Moynihan is set to receive compensation that matches the preceding year’s package. His pay includes a $1.5 million base salary and $25 million worth of restricted stock, the bank said in a regulatory filing Friday.
His 2019 earnings put him slightly below other Wall Street chiefs like JPMorgan Chase & Co.’s James Dimon, who made $31.5 million, and Morgan Stanley’s James Gorman, who made $27 million.
In 2018, Mr. Moynihan was the 10th highest-paid among the 75 CEOs in the S&P 500 financial sector, according to a Wall Street Journal analysis of pay data from MyLogIQ LLC.
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