In 2009, Kenneth D. Lewis earned $1.50M in total compensation at Bank of America, primarily from $1.47M in stock. Led Bank of America as CEO for 8 years.
Compensation History
Annual executive compensation data for Kenneth D. Lewis, including salary, bonuses, and stock awards.
Year
2009
Total Compensation
$1.50M
Salary
$0.00
Bonus
$0.00
Other
$32.17K
Salary
$0.00Board Justification
The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, particularly in light of TARP requirements.
Bonus
$0.00Board Justification
Mr. Lewis agreed to receive no salary or incentive compensation for 2009, and he repaid the base salary he had already received for 2009.
Other Compensation
$32.17KBoard Justification
Other compensation includes tax preparation and financial planning services, home security, and secured parking, limited to $25,000 due to TARP requirements.
Restricted Stock
Board Justification
263,697 shares of restricted stock vested in 2009, valued at $1,468,792 at the time of vesting.
Performance Metrics
The performance metrics for determining compensation were not specified for 2009, as Mr. Lewis did not receive any performance-based compensation.
Kenneth D. Lewis
Ex-CEO of Bank of America
Education
University of Kentucky
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
December 16, 1946 - 78 years ago
CEO of Bank of America for
8 years 8 months (Apr 2001 - Dec 2009)
Previous Experience
Joined Bank of America in 1969, served in various roles including President and COO.
Other Bank of America CEOs
Holdings
Track Kenneth D. Lewis's stock holdings and portfolio value over time.
Insider Trading
Kenneth D. Lewis's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Kenneth D. Lewis with competitor CEOs and industry peers.
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Stock
$0.00
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$1.50M
Bonus
$3.68M
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$19.80K
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Bonus
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Other
$0.00
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