It is a large bank (20 billion in revenue) with branches primarily located in Southern US states. It is the result of a merger between BB&T and SunTrust in 2019.
Well, the new CEO was paid $10.4 million in 2021, and the departing CEO $15 million, so you just need to cut about twenty-five such people. [1]
US C-level pay is a world of its own. I work at a $60bn market cap company in a high cost of living Western country, the CEO is on a base salary of $2m and $2.5m on target performance pay (obviously variable). My 12-person engineering team outearns the CEO.