Bank of America CEO Brian Moynihan gets 73% pay hike

Bank of America Corp. CEO Brian Moynihan received a 73 percent pay increase last year, pocketing $12.1 million, Reuters reported.

The pay hike is largely due to a stock awards totaling 926,238 shares, according to a regulatory filing Tuesday. Moynihan has led the bank as it worked to clean up the mess it acquired in the ill-conceived 2008 purchase of Countrywide Financial, one of the nation's most aggressive lenders in the historic housing bubble.

Read more: http://feeds.bizjournals.com/~r/bizj_baltimore/~3/f6HfqoexqDs/bank-of-america-ce...
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