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Bank of America chief earns 250 times more than average employee

Under US laws the bank is required to report difference between pay of Brian Moynihan and its median employee

Bank of America chief earns 250 times more than average employee

Bank of America on Monday became the first big US bank to unveil how much more its CEO makes than its typical employee.

The lender said in its annual proxy filing that in 2017 chief executive Brian Moynihan earned 250 times as much as the median bank employee. The disclosure is one that other big banks and companies are planning to make for the first time.

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