Comment on BofA pitch on top execs' pay nixed as too high

BofA pitch on top execs' pay nixed as too high

(By Christina Rexrode, crexrode@charlotteobserver.com) The federal pay czar Thursday rejected Bank of America's proposed compensation plans for top executives, including an initial pitch for up to $12 million for chief executive Ken Lewis, calling the Charlotte bank's proposal too generous.Even so, nearly all of the bank's top executives are still in line for $3million to nearly $10 million in total compensation for 2009 if they meet performance goals.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News