A California bank shareholder has been pushing the hot issue of performance-based pay for directors to something approaching its logical conclusion: He says they should get stock only, with no cash and no benefits.

Last year Emil Rossi, who owns a hardware store and among other things 400 shares of San Rafael-based Westamerica Bancorp., won 11% support for his proposal. This year he's making it again, for the fourth year running.

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