You make it sound as if John Allison was more highly compensated than Ken Lewis. Here's the skinny: Ken Lewis brought in more than $17.7 million in salary, bonus, restricted stock and other compensation in 2004.
John Allison brought in $887,160 in salary and an additional $873,000 in other comp, including long-term incentive pay. No bonus or restricted stock for John. He had a bad year because BB&T had a bad year. And who knows if Lewis' smaller number of options had anything to do with his being heavily compensated on the front end. Whatever the reason, JAA can't collect on his options unless the bank does well. Your point is ??????????????????
You stated "John Allison brought in $887,160 in salary and an additional $873,000 in other comp, including long-term incentive pay."
What about the 29,634 number of shares or units issued under the Long-Term Incentive Plan on page 26 of the proxy. Estimated future pay out being at Target $1,111,296 and Maximum of $2,222,592. Does this not count?
I'm not going to defend high salaries in the corporate world. But I will put into perspective wild exaggerations by our friend, jimmy. By and large, I believe most CEOs are overpaid. That said, I suspect JAA has a bit more on his plate than you.