BB&T has been doing well for most part. Exec. compensation may be a good part of the reason for this. Unless exec. pay far exceeds BB&T's market position I don't think I would ry to fix a machine that is working.
While I may share sentiments with some earlier posts on exec. comp., I tend to agree with rwmgn. I really think shareholder agrguments over this issue in a company that is not really sick are much ado about nothing and just muddy the water. Adjusting exec. comp. downward for arbitrary reasons is not going to have the desired effect of making the company very much more profitable and the stock price higher and could have just the opposite effect. Like it or not, we live in a democracy and comapnies can pay their exec.'s pretty much what they wnat. Reason is usually in play though and I doubt BBT exec's are not in line with peer exec. comp.
That being said, I'm back in my "sell a little bit" mode again as BBT approaches highes. I just don't see momentum building to bust out of the $32-38 trading range. As usual - do what you want and don't pay attention to me, but I'm checkinking the "sell" block" in the disclosure section for a while.
I was reading an article out of Forbes magazine yesterday (Forbes May 12, 2003 Issue)and it actually has John Allison ranked 193 out of 500 CEOS. To me, that doesn't sound like he is extremely overpaid. JMHO