Bank of America CEO Moynihan's pay falls more than 7% in 2020

FILE PHOTO: Chairman and CEO of Bank of America Brian T. Moynihan attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse

(Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan’s annual pay fell by about $2 million, or 7.5%, in 2020, a regulatory filing showed on Friday.

Moynihan will receive $24.5 million for his work during the year, compared with $26.5 million in 2019, the bank said. bit.ly/3admuZO

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