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Banker compensation trends were mixed last year, particularly among the nation's largest institutions. Average CEO compensation at the nation's four largest banks rose 10% in 2013, compared to a year earlier, based on data from governance watchdog GMI Ratings. However, CEO compensation fell 16%, on average, at other banks with assets of at least $50 billion.
May 13
New York Community Bancorp (NYCB) shareholders rejected compensation packages for its executives in a nonbinding vote last week.
The $47.6 billion-asset company said in a regulatory filing Friday that about 53% of the shares that were voted in its proxy rejected the executive pay plans in a nonbinding vote. Shareholders representing about 90% of its outstanding common stock cast ballots at the Westbury, N.Y., company's annual meeting on Wednesday.
New York Community did not issue a comment in response to the vote.
Joseph Ficalora, president and chief executive, received total compensation of
Also in the proxy's voting results, shareholders also elected three directors to three-year terms and approved KPMG as auditor.
