TITLE

M&I Shifts Exec Bonuses to Stock

PUB. DATE
December 2009
SOURCE
American Banker;12/30/2009, Vol. 174 Issue 230, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Marshall & Ilsley Corp. dropped cash bonuses for 2009 and added stock compensation for executives to adhere to the rules pertaining to U.S. federal bailout funds. The banking company is adding a "stock salary" to its executive pay for 2009, they announced in a regulatory filing.
ACCESSION #
47280205

Tags: MARSHALL & Ilsley Corp.;  BONUS system -- United States;  EXECUTIVE compensation -- United States;  BAILOUTS (Finance);  EMPLOYEE ownership -- United States

 

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