Article: Salary, bonus higher in 2004 for CEO of People's Bank.

Byline: Pam Dawkins

Mar. 19--The head of Bridgeport-based People's Bank saw both his salary and bonus increase in 2004, by nearly 7 percent and 20 percent, respectively, according to a proxy statement released Friday.

John A. Klein, the bank's chairman, president and chief executive officer, received $1,774,274 in salary, bonus and a long-term cash payout, up 9 percent from $1,626,069 in 2003. His salary rose from $702,769 to $751,731 and his bonus of $763,350 was up from $634,316 the year before. His long-term incentive compensation, which was based on the bank's performance over three years ending Dec. 31, 2003, fell from $288,984 in 2003 to $259,193.

Klein's ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!