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BofA CEO Rewarded with 73% Raise

February 20, 2013

[ by Melanie Gretchen ]

Bank of America's Brian Moynihan is having a good year.  Since the CEO since January 2010 was dealt a compensation cut for 2011, the bank has performed much better.  For 2012, Mr. Moynihan will receive $12 million, including a salary of $950,000 and an $11.1 million stock grant.  In addition, he was granted awarded 277,871 Cash Settled Restricted Stock Units, 463,119 Performace Stock Units and 185,248 Restricted Stock Units, whereby each Stock Unit is the economic equivalent of one share of Bank of America  common stock.

For 2012, he will be paid $1.5 million in salary, up from the $950,000 he was paid for the prior 2 years.

How does he compare?

  • Lloyd Blankfein, 58, Goldman CEO, received $21 million for 2012, including (i) a $2 million salary and (ii) $5.7 million in cash, and (iii) $13.3 million in restricted stock.
  • Jamie Dimon, 56, JPMorgan CEO, was awarded $11.5 million for 2012, including (i) a $750,000 base salary, (ii) a $3.75 million cash bonus and (iii) $9.75 million in long-term equity incentives
  • Richard Handler, 51, Jefferies CEO, received $19 million, including (i) $5 million cash bonus, (ii) $13 million in stock, and (iii) $1 million salary

[C-I Note: Still: $12 million is $12 million.]

For further details, go to [Street Insider, 2/19/13].