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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Wednesday, February 27, 2008
Discover Financial Services CEO David Nelms received compensation valued at $21.8 million in 2007, according to a regulatory filing with the SEC. The newly public company was a spin-off from Morgan Stanley just weeks before mortgage defaults and illiquid credit markets caused mayhem on the financial sector. The chief executive received $900,000 in case salary, $2.75 million in bonuses and $18.14 million in stock awards and options. Executives did not receive any perks, however, except for the chief financial officer that got $11,429 including relocation expenses, a gym membership and access to the executive pantry. Meanwhile, shareholders received -44% return on their investment since Discover became spun off last year.

Wednesday, February 27, 2008 8:07:48 PM UTC  #    Comments [0]  |  Trackback