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Bank of America CEO Moynihan's pay falls more than 7% in 2020

Published 02/12/2021, 04:54 PM
Updated 02/12/2021, 04:55 PM
© Reuters. 2020 World Economic Forum in Davos

(Reuters) - Bank of America Corp (NYSE:BAC) Chief Executive Officer Brian Moynihan's annual pay fell by about $2 million, or 7.5%, in 2020, a regulatory filing showed on Friday.

Moynihan will receive $24.5 million for his work during the year, compared with $26.5 million in 2019, the bank said. https://

Latest comments

wow, he's really going to notice that difference. better break out the ebt cards. no one in my opinion is worth 26 million a year! They need to go back to the rule of Ceo makes no more than 20 times the salary of a base employee. i.e. $20 /hr the ceo would make $400/hr that would net that CEO around $832,000/year which is nothing to turn your nose at. Then inflation wouldn't be such an issue and game tickets wouldn't be $10k for court side or box seats.
Poor man...
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