Bank of America Corp. co-Chief Operating Officer Thomas K. Montag received a 21 percent raise to $14.5 million for 2012, topping his boss Brian T. Moynihan for the third straight year. Montag, 56, got a $5.46 million cash bonus for 2012, $8.19 million in restricted stock units and an $850,000 base salary, the Charlotte, North Carolina-based lender said today in a regulatory filing. That compares with the $12 million awarded to Moynihan, 53, giving the chief executive officer a raise of more than 70 percent from 2011. “This says to everybody that Brian is OK with Tom getting a superior compensation; Montag is doing a great job in a business that’s very tough right now,” said Jeanne Branthover, managing director at Boyden Global Executive Search Ltd. in New York [Bloomberg, earlier]
Compensation Watch: It Sucked Slightly Less To Be Brian Moynihan Last Year
No cash bonus to speak of, but the li'l fella did get a bump year on year.
You Gotta Get Up Pretty Early In The Morning To Buy www.brianmoynihan.sucks Before Bank of America Does
Condolences to those who were too slow to the draw.
Brian Moynihan Got Extra Helpings Of Jell-O In The BofA Caf Today
For once, it was a good day to be Brian Moynihan.
Stress Tests '15: Mike Corbat Gets To Keep His Job, Brian Moynihan Would Love To Catch A Break One Of These Days
Part II of the Fed's stress tests results are out and the good news is that 28 banks passed and Mike Corbat can unpack his things. The less good news is that Brian Moynihan's silent prayer to get lucky just once, just to see what it feels like, was not granted.