2013 Bank Compensation and Benefits Survey-2026

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April 4 (Reuters) - Proxy adviser Institutional Shareholder Services has recommended that investors cast advisory votes against the pay of top Bank of America (BAC. N) , opens new tab executives including CEO Brian Moynihan, citing concerns about the process used to set the compensation.
The Compensation policy of the Bank is designed to cover areas relating to, and such as unauthorized debiting of account, Payment of interest to customers for delayed collection of cheques/instruments, Payment of cheques post acknowledgement of stop payment instructions, remittances within India and Foreign exchange
(Reuters) -Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday.
Feb 7 (Reuters) - Bank of America Corp (BAC. N) , opens new tab increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday. That compares with Moynihans pay of $29 million in 2023. Sign up here.
In fact, realized compensation for CEOs is now 1,094% higher than it was in 1978. Over the same period, the pay for typical workers only increased 26%. As a result, the CEO-to-worker compensation ratio grew tremendouslynearly tenfoldfrom 31-to-1 in 1978 to 281-to-1 in 2024 (see Figure A).
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The highest paying role reported at Bank of America is Chief of Staff at the Common Range Average level with a yearly total compensation of $255,666. This includes base salary as well as any potential stock compensation and bonuses.

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