Bank of America (NYSE:BAC) announced senior executives at the company won't be receiving cash bonuses for 2010. CEO Brian Moynihan won't get an increase in his base salary either, according to a securities filing.
The filing said senior executives at the company will not receive a cash incentive payment for their performance in 2010, and the base salary of $950,000 for Brian Moynihan will remain in place.
Chief financial officer Charles Noski, however, did receive an increase in his base pay, having it increased from $800,000 t $850,000.
Bank of America closed Monday at $13.73, up $0.13, or 0.96 percent.
Tuesday, February 1, 2011
Bank of America (NYSE:BAC) Says No Senior Executive Cash Bonuses for 2010
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