Business Services Industry
Bank of America and Wachovia.(Charlotte)
Business North Carolina, April, 2008
CHARLOTTE -- Bank of America and Wachovia cut stock grants for their CEOs after disappointing results in 2007. Ken Lewis of Bank of America received a restricted stock grant of $4.3 million, a 60% decrease from the year before. It also cut his stock options. Ken Thompson of Wachovia didn't receive a stock grant for 2007, but he received more stock options than in 2006.
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