Tags: US | Bank | of | America | Executive | Compensation

BofA's Lewis Pay Just Above Poverty Line

Friday, 26 February 2010 03:37 PM EST

Former Bank of America CEO Ken Lewis received a compensation package valued at $32,171 in 2009 as the bank struggled with loan losses and repaid billions in federal bailout money, according to an Associated Press analysis of a regulatory filing.

Friday's filing shows that Lewis received no salary or bonus. His compensation was limited to perks including tax services and parking.

Lewis' 2008 compensation was valued at $9 million. He resigned as CEO on Dec. 31 after almost a year of strife that followed the bank's purchase of Merrill Lynch.

The AP's executive pay calculation aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Former Bank of America CEO Ken Lewis received a compensation package valued at $32,171 in 2009 as the bank struggled with loan losses and repaid billions in federal bailout money, according to an Associated Press analysis of a regulatory filing.Friday's filing shows that...
US,Bank,of,America,Executive,Compensation
126
2010-37-26
Friday, 26 February 2010 03:37 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved