Bank of America boosts CEO Moynihan’s Pay 25% to $20M

BANK OF AMERICA CORP. CEO BRIAN T. MOYNIHAN received a 25 percent pay raise in 2016, which followed a 23 percent raise in 2015.  / BLOOMBERG FILE PHOTO/ANDREW HARRER
BANK OF AMERICA CORP. CEO BRIAN T. MOYNIHAN received a 25 percent pay raise in 2016, which followed a 23 percent raise in 2015. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - Bank of America Corp. awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent. Moynihan received $18.5 million in stock grants for 2016, and the board left his salary unchanged at $1.5 million, according to a regulatory filing Friday. A year earlier, the Charlotte, N.C.-based…

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