Institutional Shareholder Services, a proxy adviser, has suggested that investors oppose the pay packages of top Bank of America executives, including CEO Brian Moynihan, due to concerns about how the compensation was determined. Moynihan's earnings of $35 million last year, representing a 21% increase, were deemed by ISS to be somewhat aligned with the company's performance. However, ISS highlighted that the process for setting Moynihan's short-term incentive involved discretionary decisions, and the lack of transparency in disclosing details hinders a comprehensive evaluation of the pay program's rigor. Bank of America responded to ISS by referring to its recent proxy statement, which credited Moynihan for the growth in the bank's net income and revenue compared to the previous year. In contrast, Glass Lewis, another proxy advisory firm, supported Bank of America's executive pay in its recommendation issued on March 28.