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NEW YORK — Bank of America Corp.’s outgoing chief executive, Ken Lewis, will get no salary or bonus for 2009 under an agreement with the government’s pay czar, who is scrutinizing compensation at bailed-out banks.
Kenneth Feinberg, the Treasury Department’s special master for compensation, suggested that Lewis should get no pay for the year, and Lewis agreed, Bank of America spokesman Robert Stickler said Thursday.
In fact, Lewis will pay back about $1 million he has received so far out of a $1.5 million annual salary.
