Bank of America CEO Brian Moynihan’s stock bonus nearly doubled this year, to $11 million
via Occupy Fights Foreclosures and Casa Perez.
http://www.charlotteobserver.com/2013/02/19/3864990/bank-of-america-ceo-brian-moynihans.html
Bank of America CEO Brian Moynihans stock bonus nearly doubled this year, to $11 million, reflecting a steep share price rise and the boards apparent confidence in Moynihans progress on the banks legal issues and capital position.
And going forward, hes getting a base salary increase as well: to $1.5 million from $950,000, according to a person familiar with the matter.
This years stock grant, disclosed in a securities filing Tuesday, is a sharp increase from the $5.9 million in stock awarded in February 2012, back when shares were trading close to $8. Bank of Americas stock was the best performer in the Dow Jones Industrial Average by the end of the year, and shares closed at $12.19 on Tuesday.
Stock grants for Bank of Americas other top executives remained more steady. After two years of being the banks top stock award earner, co-chief operating officer Tom Montag received a grant worth about $8.2 million. His counterpart, Charlotte-based David Darnell, received a grant worth $5.2 million.
(More at the link.)