Selected Salaries in Financial Services
June 06, 2001, 10:08 a.m. EDT 1 Min Read
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Selected Salaries in Financial Services
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| Published June 6, 2001 | |
| Salary | Bonus | Total cash compensation1 | Restricted stock awards | Long-term incentive payouts | Number of options | Option value2 | Total direct compensation3 | Realized upon excercise of options | Value of unexcercised option holdings | Value of | Total equity value | Ownership stake |
| Assets of $500B - $900B | |||||||||||||
| Sanford I. Weill Chairman, CEO, Citigroup | $1,000,000 | $18,484,414 | $19,484,414 | $8,687,442 | $17,777,203 | $99,173,784 | $127,345,640 | $196,241,985 | $59,977,897 | $1,186,579,141 | $1,246,557,038 | 0.61% | |
| William B. Harrison Jr. President, CEO, J.P. Morgan Chase | 1,000,000 | 5,281,250 | 6,281,250 | 3,118,766 | 2,345,747 | 46,154,510 | 55,554,526 | 40,665,497 | 31,301,485 | 71,966,982 | 0.14 | ||
| Hugh L. McColl Jr. Chairman, CEO, Bank of America | 1,500,000 | 2,500,000 | 4,000,000 | 4,000,000 | 57,865,028 | 57,865,028 | 0.12 | ||||||
| Salary | Bonus | Total cash compensation1 | Restricted stock awards | Long-term incentive payouts | Number of options | Option value2 | Total direct compensation3 | Realized upon excercise of options | Value of unexcercised option holdings | Value of | Total equity value | Ownership stake |
| Assets of $499B-$100B | |||||||||||||
| Richard M. Kovacevich President, CEO, Wells Fargo | 995,000 | 5,475,000 | 6,470,000 | 646,300 | 13,616,229 | 20,086,229 | 83,365,904 | 86,122,055 | 169,487,959 | 0.24 | |||
| James Dimon CEO, Bank One | 750,000 | 750,000 | 1,000,168 | 3,240,000 | 27,856,305 | 29,606,473 | 30,172,500 | 74,556,377 | 104,728,877 | 0.17 | |||
| G. Kennedy Thompson President, CEO, First Union | 940,000 | 940,000 | 697,531 | 477,900 | 2,644,514 | 4,282,045 | 4,695 | 356,749 | 6,920,835 | 7,277,584 | 0.06 | ||
| Terrence Murray Chairman, CEO, FleetBoston | 992,200 | 5,000,000 | 5,992,200 | 1,000,000 | 10,360,000 | 16,352,200 | 23,206,900 | 82,578,890 | 105,785,790 | 0.25 | |||
| L. Phillip Humann Chairman, president, CEO, SunTrust | 808,750 | 808,750 | 300,000 | 150,000 | 3,000,000 | 4,108,750 | 111,788 | 2,213,550 | 36,395,856 | 38,609,406 | 0.19 | ||
| Salary | Bonus | Total cash compensation1 | Restricted stock awards | Long-term incentive payouts | Number of options | Option value2 | Total direct compensation3 | Realized upon excercise of options | Value of unexcercised option holdings | Value of | Total equity value | Ownership stake |
| Assets of $99B-$50B | |||||||||||||
| D.A. Daberko Chairman, CEO, National City | 998,333 | 400,000 | 1,398,333 | 764,750 | 611,644 | 566,256 | 1,901,465 | 4,676,192 | 1,732,297 | 8,990,630 | 16,209,624 | 25,200,254 | 0.32 |
| Jerry A. Grundhofer President, CEO, and director, U.S. Bancorp | 942,788 | 282,837 | 1,225,625 | 1,070,000 | 7,650,500 | 8,876,125 | 1,993,967 | 60,168,192 | 19,843,005 | 80,011,197 | 0.25 | ||
| Henry L. Meyer 3d President and CEO, KeyCorp | 687,501 | 526,500 | 1,214,001 | 200,000 | 2,778,928 | 3,992,929 | 425,000 | 7,253,750 | 4,269,251 | 11,523,001 | 0.2 | ||
| Thomas A. Renyi Chairman, CEO, Bank of New York | 925,000 | 12,080,938 | 13,005,938 | 500,000 | 12,361,710 | 25,367,648 | 6,942,363 | 85,534,225 | 56,413,877 | 141,948,102 | 0.44 | ||
| Leslie M. Baker Chairman, CEO, Wachovia | 990,000 | 990,000 | 2,240,000 | 175,000 | 7,043,620 | 10,273,620 | 125,218 | 3,334,025 | 8,459,919 | 11,793,944 | 0.24 | ||
| James E. Rohr President, CEO, PNC | 836,120 | 2,601,000 | 3,437,120 | 3,862,500 | 277,261 | 2,769,538 | 10,069,158 | 2,758,330 | 18,124,826 | 14,707,819 | 32,832,645 | 0.19 | |
| David A. Spina Chairman, CEO, State Street | 821,276 | 1,168,200 | 1,989,476 | 8,385,029 | 125,400 | 9,579,930 | 19,954,435 | 49,554,860 | 62,512,533 | 112,067,393 | 0.6 | ||
| John A. Allison 4th Chairman, CEO, BB&T | 771,600 | 906,090 | 1,677,690 | 557,440 | 225,637 | 3,396,777 | 5,631,907 | 997,375 | 12,360,581 | 10,460,037 | 22,820,618 | 0.22 | |
| Martin G. McGuinn Chairman, CEO, Mellon | 800,000 | 1,500,000 | 11,975 | 4,152,000 | 1,365,188 | 238,592 | 9,002,149 | 16,319,337 | 183,017 | 620,362 | 38,529,058 |
| Salary | Bonus | Total cash compensation1 | Restricted stock awards | Long-term incentive payouts | Number of options | Option value2 | Total direct compensation3 | Realized upon excercise of options | Value of unexcercised option holdings | Value of | Total equity value | Ownership stake |
| Assets of $49B-$10B | |||||||||||||
| George A. Schaefer Jr. Chairman, CEO, Fifth Third | 976,732 | 1,462,500 | 2,139,232 | 62,544,447 | 70,921,023 | 0.56 | |||||||
| Alfred Lerner Chairman, CEO, MBNA | 2,000,000 | 4,000,000 | 6,000,000 | 10,900,000 | 800,000 | 6,312,000 | 23,212,000 | 255,520,704 | 3,646,918,865 | 3,902,439,569 | 12.56 | ||
| Richard D. Fairbank Chairman, CEO, Capital One | 71,342 | 855,362 | 855,362 | 27,206,848 | 500,587,392 | 45,506,657 | 546,094,050 | 3.91 | |||||
| Gerald J. Ford CEO, Golden State Bancorp | 1,000,000 | 1,840,300 | 2,840,300 | 713,707 | 173,000 | 3,522,886 | 7,076,893 | 7,178,866 | 603,911,986 | 611,090,852 | 14.32 | ||
| Kerry K. Killinger, Chairman, president, CEO, Washington Mutual | 1,000,000 | 2,461,000 | 3,461,000 | 1,151,545 | 530,000 | 17,139,029 | 21,751,574 | 3,302,350 | 49,037,612 | 69,213,664 | 118,251,276 | 0.45 | |
| Shailesh J. Mehta Chairman, president, and CEO, Providian Financial | 955,962 | 1,371,103 | 2,327,065 | 3,912,378 | 1,000,000 | 25,746,946 | 31,986,389 | 261,460,761 | 48,408,942 | 309,869,703 | 2.46 | ||
| Herbert M. Sandler Chairman, CEO, World Savings Bank, Golden West | 950,004 | 236,500 | 1,186,504 | 120,000 | 2,292,600 | 3,479,104 | 1,302,500 | 30,307,969 | 1,024,279,088 | 1,054,587,057 | 9.87 | ||
| Marion O. Sandler Chairman, CEO, World Savings Bank, Golden West | 950,004 | 236,500 | 1,186,504 | 120,000 | 2,292,600 | 3,479,104 | 2,778,125 | 30,307,969 | 1,102,391,438 | 1,132,699,407 | 10.6 |
Total cash compensation 1 | |||||
| Sanford I. Weill | Citigroup | $19,484,414 | |||
| Thomas A. Renyi | Bank of New York | 13,005,938 | |||
| Richard M. Kovacevich | Wells Fargo | 6,470,000 | |||
| William B. Harrison Jr. | J.P. Morgan Chase | 6,281,250 | |||
| Alfred Lerner | MBNA | 6,000,000 | |||
| Terrence Murray | FleetBoston | 5,992,200 | |||
| Hugh L. McColl, Jr | Bank of America | 4,000,000 | |||
| Kerry K. Killinger | Washington Mutual | 3,461,000 | |||
| James E. Rohr | PNC | 3,437,120 | |||
| Gerald J. Ford | Golden State Bancorp | 2,840,300 | |||
| George Schaefer Jr. | Fifth Third | 2,439,232 | |||
| Shailesh J. Mehta | Providian Financial | 2,327,065 | |||
| David A. Spina | State Street | 1,989,476 | |||
| Martin G. McGuinn | Mellon | 1,800,000 | |||
| John A. Allison 4th | BB&T | 1,677,690 | |||
| D.A. Daberko | National City | 1,398,333 | |||
| Jerry A. Grundhofer | U.S. Bancorp | 1,225,625 | |||
| Henry L. Meyer 3rd | KeyCorp | 1,214,001 | |||
| Herbert M. Sandler | World Savings Bank, Golden West | 1,186,504 | |||
| Marion O. Sandler | World Savings Bank, Golden West | 1,186,504 | |||
| Leslie M. Baker | Wachovia | 990,000 | |||
| G. Kennedy Thompson | First Union | 940,000 | |||
| L. Phillip Humann | SunTrust | 808,750 | |||
| James Dimon | Bank One | 750,000 | |||
Total direct compensation3 | |||||
| Sanford I. Weill | Citigroup | $127,345,640 | |||
| William B. Harrison Jr. | J.P. Morgan Chase | 55,554,526 | |||
| Shailesh J. Mehta | Providian Financial | 31,986,389 | |||
| James Dimon | Bank One | 29,606,473 | |||
| Thomas A. Renyi | Bank of New York | 25,367,648 | |||
| Alfred Lerner | MBNA | 23,212,000 | |||
| Kerry K. Killinger | Washington Mutual | 21,751,574 | |||
| Richard M. Kovacevich | Wells Fargo | 20,086,229 | |||
| David A. Spina | State Street | 19,954,435 | |||
| Terrence Murray | FleetBoston | 16,352,200 | |||
| Martin G. McGuinn | Mellon | 16,319,337 | |||
| Leslie M. Baker | Wachovia | 10,273,620 | |||
| James E. Rohr | PNC | 10,069,158 | |||
| Jerry A. Grundhofer | U.S. Bancorp | 8,876,125 | |||
| Gerald J. Ford | Golden State Bancorp | 7,076,893 | |||
| John A. Allison 4th | BB&T | 5,631,907 | |||
| D.A. Daberko | National City | 4,676,192 | |||
| G. Kennedy Thompson | First Union | 4,282,045 | |||
| L. Phillip Humann | Suntrust | 4,108,750 | |||
| Hugh L. McColl Jr. | Bank of America | 4,000,000 | |||
| Henry L. Meyer 3d | KeyCorp | 3,992,929 | |||
| Herbert M. Sandler | World Savings Bank, Golden West | 3,479,104 | |||
| Marion O. Sandler | World Savings Bank, Golden West | 3,479,104 | |||
| Richard D. Fairbank | Capital One | 855,362 | |||
Value of stock owned | |||||
| Alfred Lerner | MBNA | $3,646,918,865 | |||
| Sanford I. Weill | Citigroup | 1,186,579,141 | |||
| Marion O. Sandler | World Savings Bank, Golden West | 1,102,391,438 | |||
| Herbert M. Sandler | World Savings Bank, Golden West | 1,024,279,088 | |||
| Gerald J. Ford | Golden State Bancorp | 603,911,986 | |||
| Richard M. Kovacevich | Wells Fargo | 86,122,055 | |||
| Terrence Murray | FleetBoston | 82,578,890 | |||
| James Dimon | Bank One | 74,556,377 | |||
| George Schaefer Jr. | Fifth Third | 70,921,023 | |||
| Kerry K. Killinger | Washington Mutual | 69,213,664 | |||
| David A. Spina | State Street | 62,512,533 | |||
| Hugh L. McColl Jr | Bank of America | 57,865,028 | |||
| Thomas A. Renyi | Bank of New York | 56,413,877 | |||
| Shailesh J. Mehta | Providian Financial | 48,408,942 | |||
| Richard D. Fairbank | Capital One | 45,506,657 | |||
| L. Phillip Humann | SunTrust | 36,395,856 | |||
| William B. HarrisonJr. | J.P. Morgan Chase | 31,301,485 | |||
| Jerry A. Grundhofer | U.S. Bancorp | 19,843,005 | |||
| D.A. Daberko | National City | 16,209,624 | |||
| James E. Rohr | PNC | 14,707,819 | |||
| John A. Allison 4th | BB&T | 10,460,037 | |||
| Martin G. McGuinn | Mellon | 38,529,058 | |||
| Leslie M. Baker | Wachovia | 8,459,919 | |||
| G. Kennedy Thompson | First Union | 6,920,835 | |||
| Henry L. Meyer 3d | KeyCorp | 4,269,251 | |||
1- Sum of salary and bonus.
2 - Option value as reported in the proxy.
3 - Sum of salary, bonus, restricted stock awards, longterm incentive
payouts, and option value.