Executive compensation specialist Graef Crystal recently took aim at the top officers involved with the megamergers of BankAmerica Corp. and Chemical Banking Corp.

Writing in Pension & Investments last week, Mr. Crystal said that bank mergers "divide employees into two classes: Those who get paid off and those who get laid off."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.