CLEVELAND National City Corp. paid David Daberko, its chairman and chief executive officer, 5.5% less in salary and cash bonus last year than in 1999.
Mr. Daberkos salary was $998,333, just $5,000 more than in 1999, and his bonus dropped to $400,000, from $500,000.
Mr. Daberko also received restricted stock worth $764,750 in 2000, down from $1 million in 1999. The company said Mr. Daberko also received $611,644 under the companys long-term incentive plan, $52,745 as reimbursement for payment of certain taxes, and $85,203 in retirement benefits.
Last year National City took a number of actions designed to focus on its more profitable businesses and reduce its exposure to fluctuations in interest rates.