It was a difficult year for Bank of America, with the foreclosure mess and a receding stock price. But nevertheless, its chief executive, Brian T. Moynihan, received as much as ten million dollars in his first year on the job.

Mr. Moynihan will get a bonus amounting to nine million and fifty thousand dollars in the form of restricted stock, along with a base salary of nine hundred and fifty thousand dollars bringing his total pay to ten million dollars for 2010. In 2009, before taking over as the chief executive Mr. Moynihan received a total of six million and ten thousand dollars in compensation.

The base salary of Mr. Moynihan did not go up, however, and he received no cash bonus, which shows Bank of America's slow recovery from the financial crisis, when it received two bailouts from the government amounting to forty five billion dollars. Moreover, Mr. Moynihan will have to achieve performance goals to earn the full amount of nine million and fifty thousand dollars.

Other top officers of the firm did receive a cash bonus of nine hundred thousand dollars but it will be given to them in monthly installments and is attached to the stock price.

Bob Stickler, a spokesman for the company said that all of the year-end compensation got delayed and tied to some measure of stockholder value,

The bailout money has been repaid to the federal government, but losses incurred from mortgage and write-downs amounted to $2.2 billion in the year of 2010. Other businesses, like Bank of America Merrill Lynch, performed better, but Bank of America's shares have slid lower than those of its rivals.