The head of Bank of America Lewis did not receive a salary for 2009

Chief Executive Officer of Bank of America Kenneth Lewis, who will retire Dec. 31, 2009, will not receive payments in 2009, writes Washington Post. Under the agreement, under discussion with the U.S. government, it is required to return to the bank about $ 1 million

A special officer of the presidential administration - "salary king" Kenneth Feinberg suggested that CS Lewis did not pay any salaries or bonuses for 2009. The head of bank accepted the proposal as "not in the interest of Bank of America to argue with the" king of payroll, "said bank spokesman Robert Stickler.

K. Lewis, the annual base salary which is $ 1.5 million, will have to return about $ 1 million already received in this year's money, the report said the bank.

In late October, K. Feinberg should publish the rules that will be paid the salary guide seven companies that received large amounts of state aid during the last crisis. In addition to Bank of America is AIG, General Motors, GMAC Financial Services, Chrysler, Chrysler Financial and Citigroup.

However, it is expected that he would ask all heads refuse to receive the money, the article says. Decision on CS Lewis is because he leaves the bank and is entitled to substantial monetary payments, the source told the newspaper. At the end of last year, CEO Bank of America has received in the form of various compensation $ 64 million

While K. Feinberg talks with Bank of America are preliminary, according to the source, as discussed, is whether the "salary king" powers to ensure that propose K. Lewis received back wages.

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