Pay of Bank of America’s CEO Brian Moynihan increased 15% in 2018

Posted by

Brian Moynihan, CEO of Bank of America, received a remuneration of $26.5 million in 2018, 15% more than what he received in 2017. The board of Bank of America stated that Moynihan’s compensation was the result of the record profits of more than $28 billion achieved by the bank in 2018. In comparison to Moynihan’s pay increase, the compensation of Citigroup’s CEO Michael Corbat increased by only 4% while that of Jamie Dimon, CEO of JP Morgan Chase, increased by 7%.

The Wall Street Journal, Patrick Thomas, February 8, 2019 | The Wall Street Journal, Patrick Thomas, February 15, 2019