Bank of America (BAC) apparently vetted the salary of potential CEO candidate Robert Kelly with...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

Bank of America (BAC) apparently vetted the salary of potential CEO candidate Robert Kelly with U.S. paymaster Kenneth Feinberg, despite having exited TARP. Kenneth Feinberg said the $35-40M sought by the CEO of Bank of New York Mellon (BK) was excessive - a key reason the bank settled on internal candidate Brian Moynihan.