Bank of America CEO Brian T. Moynihan, at the World Economic Forum in Davos, Switzerland in 2010. (AP Photo/Anja Niedringhaus)

April 4 (Bloomberg) — Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid chief executive officers last year, according to a study by pay expert Graef Crystal.

At least 99 companies in the Standard & Poor’s 500 Index paid their CEOs at or below what Crystal calls their “going rate” last year, according to his study, which tracked 177 firms in the index. Moynihan, 54, was paid $13.1 million in 2013, 30 percent below what Crystal calculated as his going rate.

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