 "Bank of America")
Bank of America awarded Chief Executive Officer Brian T Moynihan $20 million for his work last year, raising his compensation 25 per cent, while Citigroup cut CEO Mike Corbat’s by 6.1 per cent to $15.5 million.
Moynihan received $18.5 million in stock grants for 2016, according to a regulatory filing Friday, up from the $14.5 million he received for 2015. He hasn’t received a cash bonus since 2007. Corbat’s pay included a $4.2 million cash award and $9.8 million in shares that pay out over years based on performance. Both executives received salaries of $1.5 million.
Moynihan, 57,
Moynihan received $18.5 million in stock grants for 2016, according to a regulatory filing Friday, up from the $14.5 million he received for 2015. He hasn’t received a cash bonus since 2007. Corbat’s pay included a $4.2 million cash award and $9.8 million in shares that pay out over years based on performance. Both executives received salaries of $1.5 million.
Moynihan, 57,
