Bank of America CEO Brian Moynihan's 2018 pay rises 4% to $22.8M
Bank of America reports 2018 executive compensation
Published: March 13, 2019
Bank of America reported fiscal year 2018 executive compensation information on March 13, 2019.
In 2018, seven executives at Bank of America received on average a compensation package of $14.7M, a 2% decrease compared to previous year.Average pay of disclosed executives at Bank of America
Brian T. Moynihan, Chief Executive Officer, received $22.8M in total, which increased by 4% compared to 2017. 90.32% of Moynihan's compensation, or $20.6M, was in stock awards. Moynihan also received $320.2K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary, as well as $382.3K in other compensation.
For fiscal year 2018, the median employee pay was $92,040 at Bank of America. Therefore, the ratio of Brian T. Moynihan's pay to the median employee pay was 247 to one.
Thomas K. Montag, Chief Operating Officer, received a compensation package of $18.8M, which increased by 2% compared to previous year. 52.26% of the compensation package, or $9.8M, was in stock awards.
Terrence P. Laughlin, Chairman, earned $17.8M in 2018, a 60% increase compared to previous year.
Paul M. Donofrio, Chief Financial Officer, received $11.9M in 2018, which decreases by 2% compared to 2017.
Geoffrey S. Greener, Chief Risk Officer, earned $11.7M in 2018, a 3% increase compared to previous year.
Thong M. Nguyen, Chairman, received $10.1M in 2018.
Dean C. Athanasia, President, Retail and Preferred & Small Business Banking, earned $10.1M in 2018.