1. Bank of america
... $10.7 million. Last year Mr. Lewis exercised options that are valued at $20.3 million, and was granted the right to purchase 200,000 of the bank's shares, which is the same number as 2002. The plan fully vests in 2007. When setting Mr. Lewis's compensation package, the board's compensation committee stated that the company "achieved above target performance in stockholder satisfaction measured ... against all of the key financial goals established earlier in the year." This includes growth in revenue and net income. The bank's stock also ... rose 16% last year. Even with all of these p...
- Word Count: 497
- Approx Pages: 2
- Grade Level: High School