Bank of America CEO Brian Moynihan’s $41 Million Payday in 2025
Bank of America recently disclosed that CEO Brian Moynihan is set to receive a $41 million compensation package for the year 2025. This news has brought attention to an interesting trend among the top U.S.-based global systemically important banks – the correlation between a CEO’s tenure and their pay raise.
The Trend Among CEO Pay Raises
Surprisingly, the data shows that the longer a CEO has been in their role, the lower their pay raise tends to be. For example, Jamie Dimon of JPMorgan Chase, who has been CEO since 2006, received a 10.3% increase in his pay for 2025. In comparison, Moynihan, who has been leading Bank of America since 2010, saw a 17.3% raise from his 2024 compensation.
On the other hand, newer CEOs like David Solomon of Goldman Sachs, who took on the role in 2018, experienced a significant 20.5% jump in pay for 2025. The newest CEO among the top six banks, Ted Pick of Morgan Stanley, saw a notable 32.4% raise in his compensation for the same year.
However, there are exceptions to this trend, particularly at Citi and Wells Fargo. Charlie Scharf, who became Wells Fargo’s CEO in 2019, received a 28.2% pay increase for 2025. Meanwhile, Citi’s CEO Jane Fraser, who took on the role about a year and a half after Scharf, saw a 21.7% boost in her compensation from 2024.
Moynihan’s Compensation Breakdown
Despite his lower rank in pay compared to his peers, Moynihan’s $41 million package includes a $1.5 million annual salary, $39.5 million in equity incentives, and no cash bonus. The incentive package comprises cash-settled restricted stock units, stock-settled restricted stock units, and stock-settled performance-based stock units.
The performance-based units are tied to the company’s future financial performance from 2026 to 2028. Bank of America outlined that Moynihan could receive a 150% maximum payout if the company achieves $37 billion per year in earnings over the next three years.
Recognition of Moynihan’s Leadership
Despite his pay ranking, Bank of America acknowledged Moynihan’s leadership in driving growth for shareholders and supporting communities and employees in 2025. The bank highlighted achievements such as raising its minimum wage to $25 an hour and promoting rising leaders within the organization.
At the bank’s investor day in November, executives laid out plans for expanded consumer-banking services, including enhanced payments capabilities, credit card features, and market growth, with a focus on artificial intelligence.
In conclusion, the $41 million payday for Moynihan in 2025 reflects not only his tenure as CEO but also his contributions to Bank of America’s success and growth.
Source: Here
