TITLE

No Cash Bonuses for Top Discover Execs

PUB. DATE
December 2009
SOURCE
American Banker;12/15/2009, Vol. 174 Issue 222, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Discover Financial Services will pay no cash bonuses to its top five executives for as long as the firm participates in the U.S. Troubled Asset Relief Program (TARP). Instead, bonuses paid to executives including chief executive David Nelms and chief operating officer Roger Hochschild will consist of restricted shares.
ACCESSION #
46823186

 

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