Correction: 02/07/97 issue

A Feb. 7 article, "Investors Suing Green Tree over CEO's Compensation" (page 5), misstated the formula for Lawrence M. Coss' 1996 bonus. It was 2.5% of, not 2.5 times, Green Tree Financial Corp.'s pretax earnings.

In addition, as the article noted, half was to be paid in stock valued at a 1991 price far below the current level.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER