For executives at Bank of America Corp and Citigroup Inc, it pays to be just below the top. At both banks, investment banking heads received compensation that dwarfed their chief executive's pay. Citigroup said its chief executive, Vikram Pandit, received nearly $129,000 in pay in 2009, while John Havens, head of Citigroup's investment banking and transaction processing businesses, received $11.3 million. Bank of America's outgoing chief executive, Kenneth Lewis, received $4.2 million in 2009, which came almost entirely from an increase in the value of a company pension plan. Brian Moynihan, who became chief executive this year, received $6.5 million. Compensation for both was dwarfed by Thomas Montag, a former Goldman Sachs Group Inc executive hired by former Merrill Lynch CEO John Thain in May 2008. Montag, who is head of global banking in markets, took home $29.9 million for last year.