• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Former Wachovia exec doing well at Wells Fargo

by on
in Leaders & Managers,Management Training

Enough doom and gloom already! Here’s a feel-good story! Sure, the AIG bonus debacle has soured the financial world on retention bonuses, but one company is still offering stick-around cash. To be precise, Wells Fargo is paying a bonus to keep one particular employee.

Wells Fargo, which bought out failing Wachovia during the financial meltdown, has agreed not only to keep former Wachovia executive David Carroll, but to pay him a $4.2 million bonus and stock options currently valued at $5 million if he stays with the firm for one year.

Carroll had headed Wachovia’s capital management unit. Apparently, Wells Fargo was so impressed with the job he did during Wachovia’s fiscal face-plant, it wanted him to do the same for its business.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/9130/former-wachovia-exec-doing-well-at-wells-fargo "

Leave a Comment