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Bank of America CEO made $8.1 million in 2011

thenakedemperor Wrote: Apr 11, 2012 5:28 PM
BofA’s CEO Brian Moynihan: “Bank of America has a right to make a profit”,

By Rick Rothacker

(Reuters) - Bank of America Corp <BAC.N> Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

But the CEO of the second-largest U.S. bank made less than some of his CEO peers at other major banks -- and less than three other Bank of America officers.

Moynihan's 2011 pay included $6.1 million in performance-based stock that would vest only if the bank were to meet a return on assets...

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