Discover’s chief executive got $3.3 million in 2009

Posted Feb. 22, 2010 at 10:53 a.m.

By Becky Yerak | Discover Financial Services Inc., the Riverwoods-based credit card company, said Chief Executive David Nelms received total compensation of almost $3.3 million in 2009. That was down 43 percent from 2008, according to the company’s recently-filed proxy statement.

The compensation consisted of $1 million in salary and nearly $2.3 million in equity.

Last March, the U.S. Treasury Department invested $1.2 billion in Discover preferred stock and common stock warrants under the Troubled Asset Relief Program.

Read the entire proxy statement here.

 

One comment:

  1. Awwww Feb. 22, 2010 at 3:53 pm

    Poor guy… how WILL he survive?