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FSGBank CEO gets 3% raise for 2008
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FSGBank CEO gets 3% raise for 2008
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FSGBank CEO gets 3% raise for 2008
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Newspaper Article
FSGBank CEO gets 3% raise for 2008
2009
Overview
\"First Security's 2008 performance directly impacted the compensation of our executive officers,\" Mr. Lusk said. \"Our compensation committee, comprised entirely of independent directors, decided not to grant any bonuses or other incentive compensation based on our performance, and to not award any increase in the base salary of our executive officers. As a result, our executives' cash compensation fell by over 12 percent in 2008 from 2007 levels.\" None of the top three executives, who in 2008 also included Lloyd L. \"Monty\" Montgomery III and William L. \"Chip\" Lusk Jr., received a cash bonus for the year, according to the proxy statement. Mr. Montgomery left the bank earlier this month though he remains a director.
Publisher
Chattanooga Times Free Press
Subject
