Bank of America CEO Brian Moynihan's 2018 pay rises 4% to $23M
Bank of America reports 2018 executive compensation
By ExecPay News
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 $15M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Bank of America
Brian T. Moynihan, Chief Executive Officer, received $23M in total, which increased by 4% compared to 2017. 90% of Moynihan's compensation, or $21M, was in stock awards. Moynihan also received $320K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary, as well as $382K 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 $19M, which increased by 2% compared to previous year. 52% of the compensation package, or $9.8M, was in stock awards.
Terrence P. Laughlin, Chairman, earned $18M in 2018, a 60% increase compared to previous year.
Paul M. Donofrio, Chief Financial Officer, received $12M in 2018, which decreases by 2% compared to 2017.
Geoffrey S. Greener, Chief Risk Officer, earned $12M in 2018, a 3% increase compared to previous year.
Thong M. Nguyen, Chairman, received $10M in 2018.
Dean C. Athanasia, President, Retail and Preferred & Small Business Banking, earned $10M in 2018.
Related executives
Brian Moynihan
Bank of America
Chief Executive Officer
Paul Donofrio
Bank of America
Chief Financial Officer
Dean Athanasia
Bank of America
President, Retail and Preferred Small Business Banking
Geoffrey Greener
Bank of America
Chief Risk Officer
Thomas Montag
Bank of America
Chief Operating Officer
Thong Nguyen
Bank of America
Chairman
Terrence Laughlin
Bank of America
Chairman
You may also like
Source: SEC filing on March 13, 2019.