Parachutes total $41 million at National City (St. Louis Post-Dispatch)

Last week’s taxpayer-financed takeover of National City by PNC could have golden consequences for three top bank executives. National City’s chief executive, Peter Raskind, and executive vice presidents Daniel Frate and Jon Gorney have golden-parachute contracts that guarantee big money in the event of a takeover.

More...
by Yahoo Parachute News