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CHARLOTTE — Brian Moynihan, chairman and CEO of Bank of America Corp., saw his pay cut by $2 million in 2020 from the previous year, the company reported in a filing Friday with the U.S. Securities and Exchange Commission.
[Stimulus check update: When can you expect to see the $1,400 direct payment?]
His base salary remains the same at $1.5 million, with the total compensation package coming to $24.5 million including stock awards. That’s down about 7.5% from a package worth $26.5 million in 2019.
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Cox Media Group
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