Investor Judith Koenick, who said her income was slashed when the dividend was cut, said Moynihan and other executives should forgo bonuses until they fully restore the payout.

"I would like you to explain how you're entitled to all this money when you're still sticking it to shareholders," said Koenick of Chevy Chase, Maryland. "You should not be taking more than a dollar until you get the stock back up to where it was before you and your predecessors screwed it up."

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