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Bank of America board raises CEO total pay to $32 million for 2021 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Brian Moynihan is the CEO and Chairman of Bank of America. He speaks in the UN Climate Change Conference (COP26), which took place in Glasgow, Scotland on November 2, 2021. REUTERS/Hannah McKay/Pool

NEW YORK (Reuters), Bank of America Corp (NYSE): Chief Executive Brian Moynihan saw his annual salary rise by $7.5 Million in 2021 according to a Friday regulatory filing.

Moynihan’s annual salary will increase to $32million, from $24.5 million in 2020. According to filing, his base salary will be $1.5 million while the total value of his equity incentives award is $30.5million.

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