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In 2023, Bank of America reduced CEO Brian Moynihan's pay by 3% to $29 million due to reduced annual profit and underperforming shares.
Bank of America has cut CEO Brian Moynihan's pay by 3% to $29 million for 2023, due to a decrease in the bank's annual profit and its shares performing the worst among major rivals.
The board granted Moynihan $1.5 million in salary and $27.5 million in stock-based incentive awards.
This follows a 6.3% reduction in Moynihan's compensation in 2022 after earnings fell and shares declined.
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En 2023, Bank of America redujo el salario del director ejecutivo Brian Moynihan en un 3% a 29 millones de dólares debido a la reducción de las ganancias anuales y al bajo rendimiento de las acciones.