Home BancShares' chief takes pay cut
Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%. ... Read full article
News Topic: Executive benefits
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Should banks pay execs special bonuses to get to 'yes' in M&A?
The promise of post-closing payments encourages top executives to pursue deals that aren’t necessarily in their self-interest, but investors may eventually raise concerns that the packages are expensive and too focused on the short term. ... Read full article
BB&T dangles promise of bonus payments to top execs if they stay
If four BB&T executives, including the CFO and COO, remain through the closing of its merger with SunTrust, they'll receive multimillion-dollar payouts. ... Read full article
'Prelude to stealing America's wealth': Comments of the week
Readers react to an argument about reining in banker pay, weigh the push for raising the minimum wage, respond to Wells Fargo getting back into the private-label securities market and more. ... Read full article
Washington keeps failing to rein in banker pay
Despite a mandate in the Dodd-Frank Act, policymakers have not yet finalized a rule reforming excessive pay on Wall Street. ... Read full article
Eliminate incentives that encourage bad behavior: N.Y. Fed's Dudley
The departing New York Fed president said Monday that the banking industry should improve its culture, better aligning pay with long-term stability and removing bad actors. ... Read full article