Bank of America Corp. awarded Chief Executive Officer Brian T. Moynihan $14 million for last year, boosting his pay 17 percent after profit more than doubled.
Moynihan received $12.5 million in stock grants for 2013, the firm said yesterday in a filing to the U.S. Securities and Exchange Commission. He got no cash bonus for last year, and his $1.5 million salary will remain unchanged in 2014….
In previous years, Bank of America paid co-Chief Operating Officer Thomas K. Montag, 57, more than Moynihan, his boss. Montag, who runs investment banking and trading, joined Bank of America during its 2009 takeover of Merrill Lynch & Co. He had been Goldman Sachs Group Inc.’s head of trading.
Montag’s total compensation reached $14.5 million for 2012. For last year, he got $8.7 million in equity awards, the firm said yesterday. His total pay typically isn’t disclosed until the firms’ proxy filing is released later in the year….
JPMorgan Chase & Co. (JPM) CEO Jamie Dimon, 57, got a 74 percent raise to $20 million for 2013….
Goldman Sachs CEO Lloyd C. Blankfein, 59, saw his bonus increase 11 percent to $21 million. He also gets a $2 million salary. Including an additional long-term incentive, his total compensation a year ago amounted to $26 million, the most among U.S. bank CEOs that year and his biggest package since he set a Wall Street record of $68.5 million in 2007.
Bonus Watch '14: Bank of America CEOs (Make Less Than Their Underlings)
...which has got to hurt.
Bonus Watch '12: Third Year Bank Of America CEO's
After a year of layoffs, topless hecklers, people who won't stop yelling at him, jokes that sting, and continuing to "reap the benefits of what Countrywide sowed," things are looking up for Brian Moynihan. Bank of America Corp., the second- biggest U.S. lender, more than quadrupled Chief Executive Officer Brian T. Moynihan’s 2011 compensation to $8.09 million. Salary was unchanged at $950,000 while his stock awards surged to $6.1 million from zero the previous year, the Charlotte, North Carolina-based lender said today in a regulatory filing. The figures conform to U.S. Securities and Exchange Commission guidelines. [Bloomberg]