WSJ:U.S. Claws Back Pay From Wilmington Trust CEO

The Wall Street Journal reports that Wilmington Trust recently took back more than $1.8 million in compensation from its CEO.

In an emailed statement, a company spokesman said: "Mr. Foley and the board determined that it was necessary to adjust elements of his compensation in order to be in full compliance with regulations covering compensation at institutions that have received TARP funds."

Read the WSJ article here >>

Read the Bloomberg article here >>