All of it, and his bonus, too, at the request of the government. But Ken Lewis will keep a big retirement package.
Posted by Charley Blaine on Thursday, October 15, 2009 7:04 PM
Updated: 4:50 p.m. ET.
Poor Ken Lewis. Or at least poorer Ken Lewis.
The Bank of America (BAC) boss, who's quitting at the end of the year, agreed to take no salary and no bonus for 2009, the bank said today.
A Bank of America spokesman said Lewis voluntarily agreed to the deal, which was finalized Thursday. Lewis' base pay was $1.5 million, and he will even have to pay back $1 million he'd already received.
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