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First Niagara Financial Group Inc. Message Board

  • vandy2014 vandy2014 Jan 28, 2014 2:35 PM Flag

    our new ceo

    put this together to guarantee him a minimum of 5 to 7 yrs of pulling down a salary.He should have concentrated on driving down expenses and boosting earnings for the next 2 yrs and sold if he cared one bit about shareholders.The problem for him was he could not continue buying others so he came up with this to guarantee him a good run at the top pulling down big money.We can only hope that when this trades to 7/7.50 maybe someone will see an opportunity and put pressure on them to sell.However it is now clear to everyone that the board just goes along with mgt.

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    • Makes you even sicker when you see how many shares he has for FREE! I realize CEO pay usually is tied in with stock shares, but where is his incentive to improve when they are given for FREE! He is already making his money.. In this day and age CEO pay should be based on productivity, not title. Never thought I would say it but bring porky pig back asap!

    • i bank at fnfg for relatives and i should have seen this as a clue. no customers and i still have to fill out a deposit know that little piece of paper with name and account number on it that you don`t have to do at my credit unions.

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