MBNA's Hammonds To Collect $125 Million On Sale to Bank of America
Robin Sidel reports for the Wall St. Journal on the more than $125 million in proceeds that MBNA CEO Bruce Hammonds is expected to receive as a result of the sale of MBNA to Bank of America for $35 billion in cash and stock.
Last year, he collected total cash compensation of $3.54 million, including $2.46 million in salary and a $1.08 million bonus. That was down from $4.6 million in 2003.
Add your comment... (note that all comments are reviewed before they're published)