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

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.

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.