Bank of America CEO Brian Moynihan saw a decrease in his annual compensation for the year 2023, with his pay falling to $29 million. Moynihan's reduced compensation reflects several factors, including changes in the bank's performance and overall market conditions.
The $29 million compensation package, as disclosed in the bank's regulatory filing, includes Moynihan's salary, bonuses, and other forms of remuneration. While this may still be an impressive figure to many, it marks a significant decrease from his previous year's pay.
