Kenneth D. Lewis had considerable stakes in Bank of America during his time as CEO. At his peak, he held 600,000 restricted stock units granted in 1999, which were worth a lot when they vested in 2004. By 2009, as...

Kenneth D. Lewis had considerable stakes in Bank of America during his time as CEO. At his peak, he held 600,000 restricted stock units granted in 1999, which were worth a lot when they vested in 2004. By 2009, as part of his compensation structure, he had 263,697 shares of restricted stock that vested that year, valued around $1.4 million at the time, indicating a substantial alignment with shareholders' interests. Lewis experienced fluctuations in his wealth due to market dynamics and the financial crisis, but much of his financial success was tied to his long-term stock holdings. Even as he waived his salary, his stock holdings remained a significant part of his wealth, contributing to his overall earnings significantly throughout his career. Lewis's approach to compensation reflected a strategy focused on long-term performance and accountability.