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02-25-2009, 09:55 AM
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CD News Reporter
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Join Date: Jan 2007
13,383 posts, read 8,575,350 times
Reputation: 5450
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News, SunTrust board OK'd a 75% raise in CEO's compensation.
The profit at SunTrust Banks (STI) last year was half of what it was in 2007. The stock price was also cut in half, but the company's board of directors approved a 75% increase in the 2008 total compensation of CEO James Wells to $8.1 million, according to the SunTrust proxy filed late Monday with the Securities and Exchange Commission.
SunTrust board OK'd a 75% raise in CEO's compensation - USATODAY.com |
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03-02-2009, 09:37 PM
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Senior Member
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Join Date: Nov 2007
135 posts, read 84,272 times
Reputation: 95
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Sickening
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03-07-2009, 03:16 PM
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Not a member
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Join Date: Sep 2008
Location: Virginia
931 posts, read 604,274 times
Reputation: 282
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OH MY GOD!!!! 
So what?  |
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03-12-2009, 08:59 PM
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That's Asheville with an 'e'
Status:
"I hear voices, and they don't like you!"
(set 2 days ago)
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Join Date: Apr 2007
Location: Economic Wasteland of Dumbya's follies
5,535 posts, read 2,722,245 times
Reputation: 2336
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Quote:
Originally Posted by John1960
The profit at SunTrust Banks (STI) last year was half of what it was in 2007.
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They made money, they are not on their knees begging money from Washington, they are a solvent bank that can do what they dang well please. If the 'stockholders' (not the keyboard warriors) disapprove, they can throw the board out the next time they get a chance to vote on them. |
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03-12-2009, 10:16 PM
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Not a member
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Join Date: Sep 2008
Location: Virginia
931 posts, read 604,274 times
Reputation: 282
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Quote:
Originally Posted by Asheville Native
They made money, they are not on their knees begging money from Washington, they are a solvent bank that can do what they dang well please. If the 'stockholders' (not the keyboard warriors) disapprove, they can throw the board out the next time they get a chance to vote on them.
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Oh you sound like one of those Republics who wants kids to starve! |
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03-13-2009, 12:58 PM
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Senior Member
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Join Date: Oct 2007
1,608 posts, read 896,924 times
Reputation: 647
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Quote:
Originally Posted by oleo
Oh you sound like one of those Republics who wants kids to starve! |
Republics are people?
Have to agree that as long as companies aren't using public funds to stay afloat, their executives' compensation is strictly an internal matter for the board and the company's shareholders. |
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03-23-2009, 01:47 PM
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Senior Member
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Join Date: Jul 2008
165 posts, read 115,102 times
Reputation: 34
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They arent bent over like Citi. They're in better position to manage their company's lifecycle.
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