Big Earners, Smaller Banks
May 2, 2012 2:47 PM
William Cooper, TCF Financial
Base salary: $1M
Total compensation: $8.9M
Change from 2010: 310%
Company ROAA: 0.6%
Total return on company stock: 19%
GMI compensation risk rating: High concern — Top executives eligible for discretionary cash bonuses, "which undermines a pay-for-performance philosophy"
Total compensation: $8.9M
Change from 2010: 310%
Company ROAA: 0.6%
Total return on company stock: 19%
GMI compensation risk rating: High concern — Top executives eligible for discretionary cash bonuses, "which undermines a pay-for-performance philosophy"
Paul Greig, FirstMerit
Base salary: $0.8M
Total compensation: $6.4M
Change from 2010: 15%
Company ROAA: 0.8%
Total return on company stock: 14%
GMI compensation risk rating: High concern — CEO pay includes restricted shares that simply vest over time, and was worth more than four times the median for other top executives, raising "concerns about internal pay equity"
Total compensation: $6.4M
Change from 2010: 15%
Company ROAA: 0.8%
Total return on company stock: 14%
GMI compensation risk rating: High concern — CEO pay includes restricted shares that simply vest over time, and was worth more than four times the median for other top executives, raising "concerns about internal pay equity"
Louis Cappelli, Sterling Bancorp
Base salary: $1.1M
Total compensation: $5.2M
Change from 2010: 29%
Company ROAA: 0.6%
Total return on company stock: 2%
GMI compensation risk rating: Moderate concern — Large gap between CEO pay and pay for other top executives, and Tarp restrictions on compensation ended when Sterling repaid the government in early 2011
Total compensation: $5.2M
Change from 2010: 29%
Company ROAA: 0.6%
Total return on company stock: 2%
GMI compensation risk rating: Moderate concern — Large gap between CEO pay and pay for other top executives, and Tarp restrictions on compensation ended when Sterling repaid the government in early 2011
James Smith, Webster Financial
Base salary: $1.2M
Total compensation: $5M
Change from 2010: 68%
Company ROAA: 0.8%
Total return on company stock: 19%
GMI compensation risk rating: High concern — Large gap between CEO pay and pay for other top executives, and Tarp restrictions on compensation ended when Webster repaid the government in 2010
Total compensation: $5M
Change from 2010: 68%
Company ROAA: 0.8%
Total return on company stock: 19%
GMI compensation risk rating: High concern — Large gap between CEO pay and pay for other top executives, and Tarp restrictions on compensation ended when Webster repaid the government in 2010
Greg Becker, SVB Financial
Base salary: $0.8M
Total compensation: $4.6M
Change from 2010: 138%
Company ROAA: 0.9%
Total return on company stock: 20%
GMI compensation risk rating: High concern — Steep climb in
Base salary in recent years, and one-year performance period for some awards is too short
Total compensation: $4.6M
Change from 2010: 138%
Company ROAA: 0.9%
Total return on company stock: 20%
GMI compensation risk rating: High concern — Steep climb in
Base salary in recent years, and one-year performance period for some awards is too short
Martin Dietrich, NBT Bancorp
Base salary: $0.6M
Total compensation: $4.5M
Change from 2010: 51%
Company ROAA: 1.1%
Total return on company stock: 6%
GMI compensation risk rating: Moderate concern — Long-term and annual incentives both tied to earnings per share, "indicating that executives are being rewarded twice for a single achievement"
Total compensation: $4.5M
Change from 2010: 51%
Company ROAA: 1.1%
Total return on company stock: 6%
GMI compensation risk rating: Moderate concern — Long-term and annual incentives both tied to earnings per share, "indicating that executives are being rewarded twice for a single achievement"
Monte Redman, Astoria Financial
Base salary: $0.9M
Total compensation: $4.5M
Change from 2010: 20%
Company ROAA: 0.4%
Total return on company stock: 17%
GMI compensation risk rating: Moderate concern — Restricted stock awards simply vest over time
Total compensation: $4.5M
Change from 2010: 20%
Company ROAA: 0.4%
Total return on company stock: 17%
GMI compensation risk rating: Moderate concern — Restricted stock awards simply vest over time
Matthew Wagner, PacWest Bancorp
Base salary: $0.8M
Total compensation: $4.2M
Change from 2010: 24%
Company ROAA: 0.9%
Total return on company stock: 6%
GMI compensation risk rating: Moderate concern — failure to implement clawback provisions
Total compensation: $4.2M
Change from 2010: 24%
Company ROAA: 0.9%
Total return on company stock: 6%
GMI compensation risk rating: Moderate concern — failure to implement clawback provisions
