- Bank of America (NYSE:BAC) CEO Brian Moynihan reportedly took a 7% pay cut in 2014 to $13M, down from a personal record $14M a year earlier.
- Moynihan received $11.5M in stock-based compensation, down from $12.5M for 2013, while his base salary remained unchanged at $1.5M.
- The payout for shows BofA’s board at least kept the CEO’s paycheck moving in the same direction as the company’s bottom line, which plunged 58% in 2014, weighed down by the costs of the DoJ settlement and other litigation; the bank’s profit did increase across most major units, including consumer and business banking and global markets.