No 2009 pay for Bank of America CEO Ken Lewis

[ut oh]

NEW YORK (CNNMoney.com) -- In the past, Bank of America Chief Executive Officer Ken Lewis has received an annual salary of $1.5 million. But this year he will get nothing.

That means no salary, no bonuses. In fact, he will have to repay Bank of America Corp. (BAC, Fortune 500) the more than $1 million he has already earned in his final year on the job.

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Stickler added that Lewis "felt it was not in the best interest of Bank of America or him to get into a dispute with the pay master."

<snip>

But Stickler asked, "Since when does law apply to this administration?" As a result, he said Bank of America is unsure whether or not Lewis' retirement package is under review by the government.


http://money.cnn.com/2009/10/15/news/companies/bofa_lewis_salary/index.htm?postversion=2009101519


Of course the jackass Rep of BofA is trying to spin it as the gov't being evil, when they are the ones who are truely bad people... Projection much??