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5 Huge CEO Pay Raises of 2013

Executive compensation continues to march higher across the board, and these head honchos were no exception

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Bank of America CEO Brian Moynihan

Brian Moynihan
New Base Pay: $1.5 million
Old Base Pay: $950,000
Percent Increase: 58%

Early in 2013, Bank of America (BAC) announced that it was awarding head honcho Brian Moynihan with a larger salary for the year. While Moynihan had enjoyed a still-substantial base salary of $950,000 since he was named Bank of America CEO in 2012, that number was expanded by almost 60% last year.

Of course, don’t be fooled into thinking Brian Moynihan only took home $950,000 as his CEO pay back in 2012. Toss in stock awards, and his total compensation jumps to an almost unfathomable $12 million.

And considering BAC stock beat the market with a climb of more than 30% in 2013, you can bet he’ll be hauling far more than his $1.5 million base salary to the bank.

Article printed from InvestorPlace Media,

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