October 29, 2020
Bank of America Headquarters

Bank of America Board of Directors Compensation and Executive Salaries

Bank of America is one of the largest banks in the world. The bank is lead by Brian Moynihan as the Chief Executive Officer since January 2010. BOA is headquartered in Charlotte, North Carolina, United States. BOA is listed on NYSE, one of the largest stock exchanges in the world. Bank of America CEO Brian Moynihan earned a whooping US$26.5 million as total compensation for 2018. It is one of the highest pay packages in total compensations.

In this article, we have provided information about Bank of America executive salaries and compensation for board of directors / board members. So, let’s see!

Bank of America Headquarters
Bank of America Headquarters

Bank of America Board of Directors Compensation 2019

The following data is of fiscal year ended 2019 (2018 – 2019)

Sharon L. Allen – Former Chairman, Deloitte

This board member earned US$390,000 as total compensation including cash salary US$140,000, stock awards US$250,000, and all other compensation US$0.

Susan S. Bies – Former Member, Federal Reserve Board

This board member earned US$484,268 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$134,268.

Jack O. Bovender, Jr. – Former Chairman and Chief Executive Officer, HCA

This board member earned US$500,000 as total compensation including cash salary US$150,000, stock awards US$350,000, and all other compensation US$0.

Frank P. Bramble, Sr. – Former Executive Vice Chairman, MBNA Corporation

This board member earned US$390,000 as total compensation including cash salary US$140,000, stock awards US$250,000, and all other compensation US$0.

Pierre J.P. de Weck – Former Chairman and Global Head of Private Wealth Management, Deutsche Bank

This board member earned US$518,223 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$168,223.

Arnold W. Donald – President and Chief Executive Officer, Carnival

This board member earned US$350,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$0.

Linda P. Hudson – Former President and Chief Executive Officer, BAE

This board member earned US$350,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$0.

Monica C. Lozano – Chief Executive Officer, College Futures Foundation

This board member earned US$380,000 as total compensation including cash salary US$130,000, stock awards US$250,000, and all other compensation US$0.

Thomas J. May – Chairman, Viacom Inc.

This board member earned US$380,000 as total compensation including cash salary US$130,000, stock awards US$250,000, and all other compensation US$0.

Lionel L. Nowell III – Former Senior Vice President and Treasurer, PepsiCo, Inc.

This board member earned US$355,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$5,000.

Clayton S. Rose – President, Bowdoin College

This board member earned US$174,510 as total compensation including cash salary US$49,860, stock awards US$124,650, and all other compensation US$0.

Michael D. White – Former Chairman, President, and Chief Executive Officer of DIRECTV

This board member earned US$350,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$0.

Thomas D. Woods – Former Vice Chairman and Senior Executive Vice President of CIBC

This board member earned US$350,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$0.

R. David Yost – Former Chief Executive Officer, AmerisourceBergen

This board member earned US$355,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$5,000.

Maria T. Zuber – Vice President for Research and E. A. Griswold Professor of Geophysics, MIT

This board member earned US$350,000 as total compensation including cash salary US$100,000, stock awards US$250,000, and all other compensation US$0.

Bank of America Executive Salaries Fiscal Year Ended 2018

Brian T. Moynihan – Chairman and Chief Executive Officer

This executive earned US$22,434,351 as total compensation including base salary (paid in cash) US$1,500,000, equity awards US$20,552,088, and all other compensation US$382,263.

Thomas K. Montag – Chief Operating Officer

This executive earned US$18,789,320 as total compensation including base salary (paid in cash) US$8,950,000, equity awards US$9,819,320, and all other compensation US$20,000.

Paul M. Donofrio – Chief Financial Officer

This executive earned US$11,929,459 as total compensation including base salary (paid in cash) US$5,800,000, equity awards US$6,085,256, and all other compensation US$44,203.

Geoffrey S. Greener – Chief Risk Officer

This executive earned US$11,655,746 as total compensation including base salary (paid in cash) US$5,800,000, equity awards US$5,808,658, and all other compensation US$47,088.

Terrence P. Laughlin – Former Vice Chairman and Head of Global Wealth & Investment Management

This executive earned US$17,796,226 as total compensation including base salary (paid in cash) US$12,083,333, equity awards US$5,670,360, and all other compensation US$42,533.

Dean C. Athanasia – President, Retail and Preferred & Small Business Banking

This executive earned US$10,145,343 as total compensation including base salary (paid in cash) US$5,400,000, equity awards US$4,702,212, and all other compensation US$43,131.

Thong M. Nguyen – Vice Chairman, Bank of America

This executive earned US$10,145,659 as total compensation including base salary (paid in cash) US$5,400,000, equity awards US$4,702,212, and all other compensation US$43,447.

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Article last re-published on July 20, 2020.