Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:E*Trade CEO Gives Back Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 10, 2002

COMPENSATION
E*Trade CEO Gives Back

by: Sean Hanna, Editor in Chief

E*Trade's Christos M. Cotsakos has agreed to return a portion of his 2001 compensation and rework his two-year contract after details of his $80 million pay package were disclosed.

Cotsakos is returning $6 million that had been contributed to his Supplemental Executive Retirement Plan account and another $15 million worth of restricted stock. For the next two years he agreed to take a zero base salary and a bonus based on E*Trade's performance. He also agreed to scale back the severance package he gets if there is a change of control in the company.

"I have listened to shareowner concerns and want to dispel any doubt that my commitment to the success of this company is unwavering," Cotsakos said in a statement.  

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use