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AnchorBank going down the tubes

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AnchorBank going down the tubes

Postby snoqueen » Thu Jun 30, 2011 4:10 pm

http://host.madison.com/wsj/business/ar ... 002e0.html

They take a page from the Republican playbook:

Anchor has signed a new contract with Chris Bauer, the former Milwaukee bank executive hired two years ago to rescue the bank. ... at $700,000 a year. That's up from the $660,000 he was paid during the past fiscal year and $426,000 he received in 2009....

Bauer's total compensation was about $672,000, second to that of Mark Timmerman, whose total package was $790,000....

Anchor said it paid no bonuses in the last fiscal year and suspended its matching contributions to 401(k) retirement plans.


Who raised these people??

If you're unfortunate enough to hold Anchor stock, they're having a stockholders' meeting soon.
snoqueen
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