Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Wilmington Trust Reclaimed $2 Million From CEO Foley Because Of TARP Rules

Friday, January 7, 2011 - 8:27 AMWilmington Trust Company - Details
From Bloomberg:
Wilmington Trust Corp., the recipient of a $330 million taxpayer bailout, took back about $2 million in pay from Chief Executive Officer Donald Foley because the compensation broke U.S. Treasury Department rules.

Thanks to the reader who mentioned this in the blog comments. Wilimgton Trust is the bank that operates WTDirect. As I reported in November, Wilimgton Trust is being acquired by M&T Bank Corporation.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600