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BB&T Corporation Message Board

jim56442 2 posts  |  Last Activity: Aug 11, 2015 11:23 AM Member since: Oct 16, 2003
  • Reply to

    Yeah!!! Back to Q4 1998 levels!!!

    by toosmartforecu Aug 4, 2015 9:39 AM
    jim56442 jim56442 Aug 11, 2015 11:23 AM Flag

    This is true, but you just need to really appreciate all the money and benefits that Allison, King, the top executives and BOD have received since then.

  • Big article in the local paper about the following.BBT is buying Susquehanna Bancshares and now it comes out that the top five executives of BBT including King are in line to receive $2.6 milliion in extra bonuses in addition to their other pay and benefits.The bonus is for "merger completion" payouts. So they get paid to do the deal and then get extra bonuses for doing their jobs and integrating the company onto BBT network. My understanding is this is not normal and highly unusual way of doing business. What next does BBT's Board of Directors give an additional bonus for the executives that show up for work on time. The merger integration would normally be considered a part of the executives normal job function.

36.42-0.15(-0.41%)Oct 6 4:01 PMEDT