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Waterstone Exec’s Compensation Down 11%
Posted on March 22nd, 2010 No commentsTotal compensation for Douglas S. Gordon, chief executive of the Wauwatosa, Wis.-based Waterstone Financial Inc., decreased 11 percent last year to $435,551, the Milwaukee Journal Sentinel reported.
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Associated Exec Received $1.45M
Posted on March 16th, 2010 No commentsIn his final year as chief executive of Associated Banc-Corp, Paul S. Beideman received $1.45 million in total compensation. Beideman retired after six years at the helm of Associated, succeeded as CEO on Dec. 1 by California bank executive Philip B. Flynn. Flynn will receive a base salary of $1.2 million, a stock salary of nearly $2.3 million and restricted shares worth $1.2 million. Read the Milwaukee Journal Sentinel article.
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M&I Discloses CEO’s 52% Pay Cut
Posted on March 15th, 2010 No commentsIn a regulatory filing, Marshall & Ilsley Corp. disclosed that chief executive Mark F. Furlong took at a 51.5 percent pay cut in 2009, bringing his total compensation to $1.67 million, the Milwaukee Journal Sentinel reported.
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Bank Mutual CEO Compensation Down 7%
Posted on March 8th, 2010 No commentsTotal compensation for Bank Mutual Corp. CEO Michael Crowley Jr. dropped 6.8 percent to $1.39 million last year as the company’s profits and stock price fell, according to SEC documents, the Milwaukee Journal Sentinel reported.
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TARP Restricts Bonuses for M&I Execs
Posted on December 29th, 2009 No commentsMarshall & Ilsley Corp. – like other institutions that participate in the U.S. Treasury’s TARP – won’t be awarding stock options and bonuses to the bank’s top executives, but rather “stock salaries” in addition to their cash salaries. Read more in the Milwaukee Journal Sentinel.