other material
confidence high
sentiment neutral
materiality 0.45
Bank of America CEO Moynihan's 2022 total compensation set at $30M, down from $32M
BANK OF AMERICA CORP /DE/
- Board approved $30M total compensation for CEO Moynihan in 2022, vs $32M in 2021.
- Company earned $27.5B net income in 2022; revenue grew 7% with 400 bps operating leverage.
- Returned $12B to shareholders via dividends and buybacks; stock price declined 26% in 2022.
- CEO compensation: $1.5M base salary + $28.5M equity; 50% is performance RSUs with re-earn over 3 years.
- Raised minimum hourly pay to $22; added 1M net new consumer checking accounts in 2022.