No Cash Bonuses for Top Discover Execs

December 2009
American Banker;12/15/2009, Vol. 174 Issue 222, p7
Trade Publication
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.


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