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BofA exec pay slashed 60% in '08

China Daily | Updated: 2009-03-04 08:04

Bank of America's Chief Executive Kenneth Lewis saw his total compensation cut about 60 percent in 2008, according to a filing with US regulators on Monday.

Pay for bank executives has become a hot-button issue as the global recession wears on and the US government has had to make additional capital injections in banks including Bank of America.

BofA exec pay slashed 60% in '08

Lewis' total compensation in 2008 was $9.9 million, down from $24.8 million in 2007.

BofA exec pay slashed 60% in '08

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