Bank of America may need to tweak performance-based pay

Bank of America Corp.'s brightening prospects have one major beneficiary: Chairman and CEO Brian Moynihan. Since 2010, a portion of Moynihan's compensation has been tied to future performance -- specifically, the stock's valuation and the bank's ability to achieve certain profitability targets over a particular period. Until now, he hasn't been entitled to the full…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -