TITLE

Parachutes in a Tangle

AUTHOR(S)
Grasmick, T. J.
PUB. DATE
May 2011
SOURCE
American Banker;5/20/2011, Vol. 176 Issue F319, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
The article presents the author's view that severance payments for senior executives are being held up by the slow processing of the Federal Deposit Insurance Corp. (FDIC) and other U.S. federal banking agencies. The FDIC guidelines for golden parachute applications, which also must be submitted to the Office of the Comptroller of the Currency or the Federal Reserve, are discussed.
ACCESSION #
60687330

 

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