King's 200% increase in compensation is outrageous, it does however provide clear insight as to where the board's priorities lie. Doubling King's pay while increasing dividends by one cent provides the clearest indication that BB&T is beiong run for the exclusive benetfit of senior management and the board. The employees and retirees, who hold collectively a major blobk of common stock, should find some means of unifying their votes and forcing a minimum a 3-4 seats on the board.
In all of the American corporations it definitely appears that they are run for the sole benefit of upper mgt and the B of D's. Just review the terms of the contracts that are written involving the above. This definitely implies collusion. IMO.