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Bank of America quadruples pay for chief executive Brian Moynihan

Bank of America Corp., the second- biggest US lender, more than quadrupled chief executive Brian T. Moynihan’s 2011 compensation to $8.09 million as the company returned to profitability. (A Wellesley resident, Moynihan is a former executive of FleetBoston Financial Inc., which was bought by Bank of America in 2004.)

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