Tuesday, April 24, 2012

First Tech's Sargent Earned Almost $7.8 Million

Another credit union CEO was handsomely rewarded in 2010.

According to First Technology's 2010 Form 990, Thomas Sargent had a compensation package of almost $7.8 million.

The Beaverton, Oregon credit union reported that Sargent's base compensation was $235,000. In addition, he received $2,974,680 in bonus and incentive pay and$4,491,447 in other compensation.

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3 comments:

  1. AnonymousApril 24, 2012 at 12:23 PM

    Not exactly chump change! OK - so he must work 7 days a week 365 days a year. I get it. So with overtime Sargent is taking down $21,369 per day. Not a bad gig.

    ReplyDelete
  2. AnonymousApril 25, 2012 at 9:51 AM

    Keith, without data on CEO compensation of like sized & effective banks your report is just mud slinging.

    A true academic would never publish a one-sided article. Your peers expect better from you.

    You make the ABA look like the Devil trading for peoples' souls. I doubt your employer wants to be perceived that way.

    ReplyDelete
  3. AnonymousApril 25, 2012 at 5:46 PM

    He retired last year so most of it is related to that. However $3.1M salary and bonus ain't bad.

    ReplyDelete

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