Payday
Time to Raise the Bar at Bank of America
Executive compensation is tied to goals that are now looking more easily achievable. Time to raise the bar?
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Bank of America Corp.'s brightening prospects have one major beneficiary: Chairman and CEO Brian Moynihan.
Since 2010, a portion of Moynihan's compensation has been tied to future performance -- specifically, the stock's valuation and the bank's ability to achieve certain profitability targets over a particular period. Until now, he hasn't been entitled to the full amount because Bank of America didn't meet those objectives. But with the lender's performance poised to improve, he is getting closer to the point where he won't leave money on the table.