Saturday, February 26, 2011

Banks Boosts CEO Pay by 34% as Bailout Loans Go Unpaid

SunTrust Chief Executive Wells's Pay Rises 34% as Pension Valuation Climbs - Bloomberg
"SunTrust Banks Inc., the Georgia lender that has yet to repay $4.85 billion in taxpayer bailout funds, reported a 34 percent increase in Chief Executive Officer James Wells’s 2010 compensation."

Durnit!  If there were only someway we could get bad banks with evil management to go out of business so good banks would be the only ones surviving!  Hmmmm....I'll have to think about that....

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