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People's United Financial Inc. Message Board

  • kkkkkkkia kkkkkkkia Mar 26, 2011 6:34 PM Flag

    Board Compensation off the charts!

    The other regional bank in CT is Webster (WBS). Annual retainer for WBS Directors is $32,000. PBCT pays this joke of a board $119,000 each! This comes after they were each "awarded" over $1.6 million each under the "2007 Recogition and Retention Stock Plan" when the bank did the 2nd stage. What they were being Recognized or Retained for is a whole different matter. This info is all in the 10k proxy.

    Someone should bring this up at the 4/21 shareholders meeting in Bridgeport.

    Bottom line: the only people suffering under the weak leadership of this Board are the shareholders.

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