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Movers & shakers: March 31, 2011

by Baz Hiralal  |  Published March 31, 2011 at 12:00 AM

As expected, William Boardman will not seek another term as director at Bank of America Corp.'s annual meeting of shareholders in May. Boardman was chairman of Visa International Inc. from 1996 until his retirement in 2005. In March, BofA appointed Mukesh Ambani, chairman and managing director of India-based Reliance Industries Ltd. as a board director. He will stand for election in May.

BofA's proxy filing (PDF download) also came in Wednesday. CEO Brian Moynihan made $1.94 million in 2010, compared to $6.5 million in 2009. Moynihan received no stock award, which made up most of the difference. Other executive compensation numbers included chief financial officer Charles Noski, $1.1 million; president of consumer and small business banking Joe Price, $917,000; chief accounting officer Neil Cotty, $4.1 million; president of global wealth and investment management Sallie Krawcheck, $6.2 million; general counsel Edward O'Keefe, $1.8 million; chief risk officer Bruce Thompson (pictured), $11.4 million; and president of global banking and markets Thomas Montag, $831,000.

Separately, the Merrill Lynch division tapped Craig Reynolds as head of North American interest-rate trading. He was with Goldman, Sachs & Co.

Also, Peter Antico was named head of G-10 currency trading and Chris Hodson becomes head of rates trading for Europe, the Middle East and Africa.


Check The Deal Pipeline for updates on these Movers & shakers:

-- Morgan Stanley named Wei Sun Christianson and William Strong as co-CEOs, Asia-Pacific, while former Asia CEO Owen Thomas relocates to New York to focus on real estate investments.

-- Kleiner Perkins Caufield & Byers said Meg Whitman, former eBay Inc. CEO and California gubernatorial candidate, joined the firm as a part-time strategic adviser.

-- Loeb & Loeb LLP said Howrey LLP's Michael Jahnke will join its New York office as a partner and co-chair of the antitrust practice; while Baker Hostetler LLP took on 17 lawyers from Howrey.

Look for more on these and other movers in the full column (subscription required).

And in the next column: David Sokol resigns from Berkshire Hathaway.

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Tags: Baker Hostetler | Bank of America | Berkshire Hathaway | Brian Moynihan | Bruce Thompson | David L. Sokol | David Sokol | eBay | Howrey LLP | Kleiner Perkins Caufield & Byers | Loeb & Loeb | Meg Whitman | Mukesh Ambani | Sallie Krawcheck | William Boardman
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