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Blue Ridge Bank's CEO describes plan to get out of the penalty box

Blue Ridge Bank's CEO describes plan to get out of the penalty box
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Banks pare back retention pay for executives after pandemic-era spree

During last year's proxy season, 14 large and midsize banks reported granting special awards in an effort to retain C-level executives. So far this year, just four banks have done so, reflecting a gloomier economic outlook, consultants say. ....

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In a hot job market, banks dish out awards to retain executives

JPMorgan Chase CEO Jamie Dimon and Bank of America Vice Chairman Paul Donofrio were among the high-level executives who last year received multimillion-dollar retention payments. The awards sometimes known as “golden handcuffs” were driven by the most competitive job market in recent history. ....

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