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Bank of America CEO Earned $29 Million Last Year, a 3% Drop
Brian Moynihan is CEO of Bank of America. (Hollie Adams/Bloomberg News)
Bank of America CEO Brian Moynihan took a slight pay cut last year as the bank's profit fell.
He earned $29 million in 2023, down from $30 million in 2022 and $32 million in 2021. As in previous years, he earned a base salary of $1.5 million. He also earned stock-based compensation of $27.5 million, according to a regulatory filing made public Friday.
In determining Moynihan's pay, the board of directors noted that earnings at the Charlotte, N.C.-based bank fell 4% last year. The bank took two large one-time charges that weighed on income.
