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Litigation Services > Synopsis of Litigation Cases > US Government (RTC/FDIC)* Vs. S&L Bank President (Southern District Florida-Federal) |
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In a high profile case involving the Savings and Loan Industry, the expert was asked to determine the reasonableness or unreasonableness of compensation of the President of one of the failed Saving & Loan banks. The expert's role was to perform a compensation analysis using a look-back period. The market research and analysis was similar to a traditional compensation market survey over a several year period of time. The expert used proxy statements, published survey data and other generally accepted compensation data sources. Involved in the question of unreasonableness of compensation were questions of base salary, annual incentives, long-term incentives, contributions to retirement plans, the value and ownership of life insurance policies and proceeds and many other aspects of compensation. A highly detailed and complex expert report was issued and the expert testified for four days about the results of the extensive compensation comparison based on market analysis to a validated comparator group of banks. A jury determined that the President had received $38MM in excess compensation.
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