Wall Street major bank CEOs' compensation returns to 2006 levels
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The annual compensation of chief executives at major US banks has now all surpassed $40 million, with total compensation levels exceeding those of 2006 and 2021. Bank of America CEO Brian Moynihan is the most recent executive to disclose his compensation, which increased by 17% last year to reach $41 million. Citigroup has raised CEO Jane Fraser's compensation by 22% to $42 million. After years of underperforming its peers, this move marks the board's strong confidence in her ability to turn the situation around. Expand
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