Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, January 4, 2011

U.S. Claws Back Compensation from Wilmington Trust CEO

Wall St. Journal reports that Wilmington Trust Corp., which received more than $330 million in TARP funds, recently rescinded more than $1.8 million in compensation from CEO Donald Foley.  This may be the first time an executive had to give back compensation under the TARP rules.  WSJ, U.S. Claws Back Pay From Wilmington Trust CEO

http://lawprofessors.typepad.com/securities/2011/01/us-claws-back-compensation-from-wilmington-trust-ceo.html

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