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Bank of America CEO Moynihan Pay Cut to $30 Million for 2022 - Bloomberg

Wealth

Bank of America CEO Moynihan Pay Fell to $30 Million for 2022

Brian Moynihan
Photographer: Simon Dawson/Bloomberg

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By Katherine Doherty

February 3, 2023 at 4:48 PM EST

This article is for subscribers only.

Bank of America Corp. Chief Executive Officer Brian Moynihan’s total compensation declined 6.3% to $30 million for his work in 2022, a year in which profit tumbled and the shares sank.

The board granted Moynihan $1.5 million in salary and $28.5 million in stock-based incentive awards, the Charlotte, North Carolina-based lender said Friday in a filing. A year ago, Moynihan’s compensation was boosted 31% to $32 million as the firm set a record for profitability.

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