Discover Financial Services said compensation for its chief executive, David W. Nelms, fell 31% in fiscal 2009, reports Bloomberg News. Nelms received compensation totaling $5.69 million in the fiscal year ended Nov. 30, reports Bloomberg News.
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The sum includes salary of $1 million and $4.63 million in stock, some of it awarded in previous years, the Securities and Exchange Commission filing said.
Top executives including Nelms did not get cash bonuses last year, in line with restrictions imposed by the Treasury Department's Troubled Asset Relief Program, the filing said. Discover, of Riverwoods, Ill., received $1.23 billion from Tarp.
