The bank's head of strategy, Peter Kraus, was given a $95m package including bonuses and stock awards to replace his generous compensation at Goldman when he joined in May, according to figures obtained by Bloomberg News.
Details were released to the stock exchange on Tuesday, showing that three tranches of shares were awarded: £420,000 to replace deferred bonuses; £2.3m to replace long-term incentive plans - which will pay out in 2014 and 2015 if certain share performance targets are reached; and £1.4m that pay out in 2016 if share price and profit targets are met.
The process for awarding a contract to replace the ageing fleet of tankers has rumbled on for years.
The share awards are intended to replace bonuses that Hunt left behind at Standard Life, where she had been finance director and was regarded as a future chief executive.
The Pentagon is so bogged down with institutional prerogatives that it cannot conclude the process for awarding a contract to replace Air Force tankers that date from Eisenhower's era, even though the Air Force needs them desperately.
If the financial aid officials say they intended to award two jobs, ask them to replace one of the jobs with grants.
In 1993 a Liberal administration cancelled a C$4.8 billion contract awarded by its Conservative predecessor to replace ageing Sea King helicopters (still flying today).But even if some of Nova Scotia's grander hopes are dashed, opportunities are opening up nearby.
James E. Nevels, the chairman of the state panel, said on Wednesday night that he expected some managers, including Edison Schools Inc., which was awarded 20 schools, to seek to replace not only curriculums but also principals and teachers, subject to the terms of union contracts.
The Department of Transportation is awarding a contract for a $150 million project to replace its vertical suspension cables.
McEwan waived his annual bonus when he was promoted to replace Stephen Hester but has now been awarded almost £3m in shares through the Ltip.
