11. Kenneth D. Lewis, -9.0 million
Company:
Bank of America (BAC)
Bank of America (BAC)
2009 salary:
0* (down $1.5 million from 2008)
0* (down $1.5 million from 2008)
2009 bonus, options and other comp:
$32,171 (down $9.0 million from 2008)
$32,171 (down $9.0 million from 2008)
Source: Equilar Inc.
NEXT: Stephen A. Roell, -$8.4 million
Last updated August 09 2010: 5:44 PM ET
* Lewis left the CEO position on December 31, 2009. In light of his announced retirement effective December 31, 2009, Lewis agreed to receive no salary or incentive compensation for 2009. He repaid to the bank the base salary he had already received for 2009. He is still eligible to receive tens of millions in pension benefits, other stock awards and deferred compensation, as part of his retirement package and stock holdings.
Total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date fair value for stock and option awards during the fiscal year, and other compensation like benefits and perks. Equilar, an executive compensation research firm, looked only at CEOs at the 100 largest public U.S. companies as measured by revenue. Pay data based on companies' fiscal year end of Dec. 2009 unless otherwise noted.
Total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date fair value for stock and option awards during the fiscal year, and other compensation like benefits and perks. Equilar, an executive compensation research firm, looked only at CEOs at the 100 largest public U.S. companies as measured by revenue. Pay data based on companies' fiscal year end of Dec. 2009 unless otherwise noted.
