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Banking chiefs see rising pay and stock options amid profits
The report highlights First Chicago chair Taylord A Freeman Jr earning 116000 under represent and exercising options for 15000 shares, with a 400000 paper gain but no sale by Jan 15 1973. It notes Chase executives taking pay cuts in 1972, Rockefeller remaining high paid via salary and investments, and Mellon’s Paul Mellon earning about 3.3 million from Mellon National. It also notes Security Pacific plans to grant 18 million to top officers and First National Boston warnings on senior pay policies with Richard Hill earning 152623 in 1972.
MENTIONED IN THIS ARTICLE
Taylord A Freeman Jr
First Chicago Corp
First National Bank of Chicago
First Chicago
Freeman
Chase
Rockefeller
Nelson A. Rockefeller
Chase Stock
Paul Mellon
Mellon National Corp
Pittsburgh
Security Pacific Corp
Los Angeles
First National Boston Corp
First National Bank of Boston
Corporation
Bank
Richard
Hill
First National Boston