Bank of America’s Moynihan highest-paid NC CEO according to survey

June 4, 2021 North State Journal Staff Article, Business
Brian Moynihan, Chairman and CEO of the Bank of America, takes part in a panel discussion at the World Economic Forum in Davos, Switzerland, Tuesday, Jan. 21, 2020. (AP Photo/Michael Probst)

CHARLOTTE — An Associated Press and executive data firm Equilar survey tallied CEO pay across publicly traded companies to determine the highest-paid CEO in each state.

To calculate CEO pay, Equilar added salary, bonus, stock awards, stock option awards, deferred compensation and other components that include benefits and perks.

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Brian T. Moynihan, who was named CEO of Bank of America in 2010, drew a salary $25.4 million, according to the survey.

Bank of America recently announced plans to set the minimum wage for all positions at the company to $25 an hour by 2025.

The bank, based in Charlotte, has more than 210,000 employees.

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