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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.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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