Bank of America (BAC) apparently vetted the salary of potential CEO candidate Robert Kelly with...


Bank of America (BAC) apparently vetted the salary of potential CEO candidate Robert Kelly with U.S. paymaster Kenneth Feinberg, despite having exited TARP. Kenneth Feinberg said the $35-40M sought by the CEO of Bank of New York Mellon (BK) was excessive - a key reason the bank settled on internal candidate Brian Moynihan.
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Comments (4)
  • Jolly_Rancher
    , contributor
    Comments (606) | Send Message
     
    Hmmm....I hope this is a trend. I think all corporate boards should make use of this valuable resource.
    18 Dec 2009, 08:53 AM Reply Like
  • David White
    , contributor
    Comments (4629) | Send Message
     
    Sounds like they may be better off with Moynihan for a number of reasons. Do you get the feeling BAC may have run the number by Pay Czar Feinberg for PR purposes? I'm sure they already new his opinion.
    18 Dec 2009, 09:00 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    Is this how a great nation is run? Mr. Feinberg. Can I go to the bathroom?

     

    Feinberg: "That's 'may' I go to the bathroom."
    18 Dec 2009, 09:01 AM Reply Like
  • herbert hoover
    , contributor
    Comments (2001) | Send Message
     
    $40 million a year? Yeah, the gangsters are worth that.
    18 Dec 2009, 09:08 AM Reply Like
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