Bank, Thrift, and Monoline CEOs
May 06, 2004, 10:08 a.m. EDT 1 Min Read
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Bank, Thrift, and Monoline CEOs
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| Published May 6, 2004 | ||||||||||||||
| Salary | Bonus | Total cash compensation | Restricted stock awards1 | Long-term incentive payouts | Long-term performance plan2 | Number of stock options | Option value3 | Total compensation4 | Value realized upon exercise of options | Value of unexercised option holdings5 | Value of stock owned | Total equity value6 | ||
| Charles M. Cawley | MBNA | $3,000,000 | $4,500,000 | $7,500,000 | $24,910,700 | 0 | 0 | 1,500,000 | $11,827,200 | $44,237,900 | 0 | $36,746,498 | $38,926,556 | $75,673,054 |
| Charles Prince | Citigroup | 638,636 | 6,965,375 | 7,604,011 | 17,530,400 | 0 | 0 | 225,000 | 2,056,700 | 27,191,111 | $4,587,554 | 6,328,289 | 57,379,959 | 63,708,248 |
| Kenneth D. Lewis | Bank of America | 1,500,000 | 5,375,000 | 6,875,000 | 9,818,698 | 0 | 0 | 200,000 | 2,629,305 | 19,323,003 | 20,307,268 | 23,815,209 | 67,451,252 | 91,266,461 |
| William B. Harrison Jr. | J.P. Morgan Chase | 1,000,000 | 7,600,000 | 8,600,000 | 5,202,390 | 0 | 0 | 427,928 | 5,371,213 | 19,173,603 | 2,253,938 | 20,705,905 | 49,895,428 | 70,601,333 |
| Richard M. Kovacevich | Wells Fargo | 995,000 | 7,500,000 | 8,495,000 | 0 | 0 | 0 | 865,740 | 8,388,900 | 16,883,900 | 27,411,956 | 76,501,171 | 108,252,658 | 184,753,829 |
| Kerry K. Killinger | Washington Mutual | 1,000,000 | 2,943,000 | 3,943,000 | 0 | 0 | $3,808,900 | 760,000 | 8,128,500 | 15,880,400 | 2,686,899 | 72,745,015 | 29,089,327 | 101,834,342 |
| G. Kennedy Thompson | Wachovia | 1,000,000 | 5,250,000 | 6,250,000 | 2,871,000 | 0 | 0 | 593,724 | 5,198,000 | 14,319,000 | 0 | 36,774,198 | 19,673,233 | 56,447,431 |
| James E. Rohr | PNC | 882,692 | 1,875,000 | 2,757,692 | 4,140,509 | 0 | 4,934,300 | 247,000 | 2,332,500 | 14,165,001 | 2,929,953 | 4,227,486 | 19,281,926 | 23,509,412 |
| James Dimon | Bank One | 1,000,000 | 5,000,000 | 6,000,000 | 2,275,952 | 0 | 0 | 500,000 | 5,283,094 | 13,559,046 | 14,651,280 | 37,634,400 | 111,681,322 | 149,315,722 |
| David A. Spina | State Street | 1,053,879 | 1,200,000 | 2,253,879 | 0 | 0 | 5,024,400 | 308,200 | 6,173,400 | 13,451,679 | 4,851,616 | 37,962,851 | 52,411,333 | 90,374,184 |
| Thomas A. Renyi | Bank of New York | 1,000,000 | 3,524,000 | 4,524,000 | 2,619,400 | 0 | 0 | 650,000 | 5,597,700 | 12,741,100 | 844,919 | 26,379,582 | 51,928,252 | 78,307,834 |
| Martin G. McGuinn | Mellon Financial | 900,000 | 1,125,000 | 2,025,000 | 6,361,753 | 0 | 0 | 344,650 | 3,067,900 | 11,454,653 | 0 | 2,580,941 | 41,069,332 | 43,650,273 |
| Richard D. Fairbank | Capital One Financial | 0 | 0 | 0 | 0 | 0 | 0 | 360,000 | 10,738,016 | 10,738,016 | 0 | 356,847,420 | 50,702,030 | 407,549,450 |
| Charles K. Gifford | FleetBoston Financial | 992,200 | 6,000,000 | 6,992,200 | 3,452,600 | 0 | 0 | 0 | 0 | 10,444,800 | 0 | 20,427,539 | 30,518,028 | 50,945,567 |
| Jerry A. Grundhofer | U.S. Bancorp | 1,000,038 | 2,625,000 | 3,625,038 | 0 | 0 | 0 | 1,232,000 | 6,813,300 | 10,438,338 | 13,078,811 | 86,276,986 | 62,266,562 | 148,543,548 |
| Joseph W. Saunders | Providian Financial | 748,462 | 2,000,000 | 2,748,462 | 212,900 | 0 | 0 | 1,250,000 | 7,017,000 | 9,978,362 | 0 | 16,598,499 | 7,566,000 | 24,164,499 |
| David A. Daberko | National City | 1,000,000 | 1,220,037 | 2,220,037 | 1,637,356 | 780,000 | 1,271,300 | 350,000 | 1,826,600 | 6,955,293 | 1,470,536 | 14,843,032 | 25,705,579 | 40,548,611 |
| George A. Schaefer Jr. | Fifth Third Bancorp | 990,018 | 990,000 | 1,980,018 | 784,600 | 0 | 0 | 220,000 | 3,235,700 | 6,000,318 | 8,747,093 | 63,414,520 | 66,086,861 | 129,501,381 |
| Henry L. Meyer 3d | KeyCorp | 950,000 | 611,000 | 1,561,000 | 943,700 | 0 | 0 | 400,000 | 1,480,200 | 3,984,900 | 1,600,950 | 6,439,150 | 9,131,216 | 15,570,366 |
| L. Phillip Humann | SunTrust Banks | 950,000 | 950,000 | 1,900,000 | 328,800 | 0 | 0 | 150,000 | 1,548,900 | 3,777,700 | 129,855 | 6,814,875 | 42,656,614 | 49,471,489 |
| John A. Allison 4th | BB&T | 887,160 | 0 | 887,160 | 0 | 688,106 | 941,800 | 253,526 | 1,393,300 | 3,222,260 | 672,475 | 11,798,289 | 14,955,187 | 26,753,476 |
| Marion O. Sandler | Golden West Financial | 900,000 | 473,526 | 1,373,526 | 0 | 0 | 0 | 50,000 | 1,672,800 | 3,046,326 | 1,535,279 | 45,245,625 | 829,758,220 | 875,003,845 |
| Herbert M. Sandler | Golden West Financial | 900,000 | 473,526 | 1,373,526 | 0 | 0 | 0 | 50,000 | 1,672,800 | 3,046,326 | 1,535,279 | 45,245,625 | 829,758,220 | 875,003,845 |
| Averages | $1,012,525 | $2,965,238 | $3,977,763 | $3,612,642 | $63,831 | $694,813 | 475,555 | $4,497,958 | $12,783,175 | $4,751,985 | $45,928,396 | $113,745,439 | $159,673,835 | |
1Expected value calculated at grant date and discounted for risk of forfeiture.
2Expected value calculated at grant date and discounted for risk of forfeiture, expected inflation.
3Expected value calculated using Black-Scholes methodology, discounted for risk of forfeiture.
4Sum of salary, bonus, and expected value of restricted stock, performance plans, and stock options.
5Potential value of exercisable and unexercisable options at fiscal yearend.
6Sum of the value of stock directly owned and the potential value of unexercised options at fiscal yearend.
Source: Executive Compensation Resources
© 2004 American Banker