Earlier today we learned that Brian Moynihan was the lowest paid CEO on Wall Street, which maybe stung the BofA chief a little bit, and makes him self-conscious at the monthly sleepovers the bank chiefs attend. Having said that, it's all smiles around Charlotte HQ.
Bank of America Corp (BAC.N) Chief Executive and Chairman Brian Moynihan received a higher year-end compensation award for 2015 than any other executive at the bank, the first time this has happened since he took the top job in 2010. In each of the previous years Thomas Montag, the bank's chief operating officer, received a larger pay package than Moynihan. New York-based Montag oversees Bank of America's investment bank, including its securities businesses. Moynihan received cash and stock valued at $16 million in 2015, compared with $15.5 million for Montag, according to a regulatory filing on Thursday