Sallie L. Krawcheck is set to receive $6 million following her departure from Bank of America Merrill Lynch where -- up until last month -- she was president of global wealth management, according to a new regulatory filing.

Bank of America Corp. entered into general release and separation agreements on Thursday, Oct. 5 with both Krawcheck and Joe L. Price, who served as president of global consumer and small business banking. Bank of America disclosed the agreements in filings submitted to the Securities and Exchange Commission on Friday.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access