Bank of America CEO made $8.1 million in 2011

Despite years of public outrage over excessive executive compensation and regulatory measures to curb it, the pace of CEO pay continues to skyrocket to record highs, especially in the United States.

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By Tim Iacono: I’ve always wondered how big banks were going to make big money in the post-2008 era of finance where a consumer protection agency has made it more difficult to nickle-and-dime the masses.

(Reuters) - Though costly for banks, a $25 billion settlement over foreclosure abuses will help a slowly improving housing market, Bank of America Corp Chief Executive Officer Brian Moynihan said Thursday. "The mortgage process is healing, which is good for all of us and the economy," Moynihan said at an investor conference in New York. The settlement, which will cost Bank of America $11.9 billion in cash payments and loan modifications, was announced February 9, but final documents have not yet been filed. ...