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Bank of America cuts CEO Moynihan's 2022 pay by 6% to $30 mn
short by Ambarish Awale / on Saturday, 4 February, 2023
Bank of America Corp reduced CEO Brian Moynihan's compensation by roughly 6% to $30 million for 2022 from $32 million for 2021, the lender said in a filing on Friday. Moynihan's pay included a base salary of $1.5 million. The bank's board said it acknowledged the executive's leadership in a period of "economic uncertainty" while deciding his compensation.
read more at Reuters