Bank of America CEO's pay rises more than 30%, takes home US$32mil

Moynihan will receive US$32 million for his work during the year, compared with $24.5 million in 2020, the first year of the pandemic when he and two other big bank chiefs received pay https://reut.rs/374CaN1 cuts.

NEW YORK: Bank of America Corp Chief Executive Brian Moynihan's total compensation for 2021 rose by US$7.5 million, or more than 30%, a regulatory filing showed on Friday.

Moynihan will receive US$32 million for his work during the year, compared with $24.5 million in 2020, the first year of the pandemic when he and two other big bank chiefs received pay https://reut.rs/374CaN1 cuts.