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The $401,395 he received in 2007 was explained in the return as a "compensation increase due to bonus timing".
Even so, the banks' discussions about bonus timing underscore how focused the industry is on protecting every dollar of pay.
Bonus timing is also being discussed at scores of public companies, beyond banks, for top executives who receive multimillion-dollar payouts around the turn of the year.
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It's bonus time!
A Network Rail spokesman said neither the forfeiture of the bonus nor the timing of his departure was related to the weekend chaos.
He explained that by deliberately timing bonuses to enable an increased rebate on maternity pay, the tax paid on the bonus would effectively fall from 41.8 per cent to just 8.4 per cent, the BBC said.
The other half he attributed to changes in the timing of bonus payouts.
Savills, which is listed on the London Stock Exchange, declined to answer questions from the Guardian on the timing of bonus payouts to directors and other top earners.
HIGH-FINANCE marriages are crumbling along with the economy, divorce lawyers say, and because of it, couples who are splitting up are paying closer attention to the timing of bonus payouts and other economic trends in the hope of achieving the best possible settlement.
While prior to the merger BOA knew of Merrill's intent to award billions of dollars in performance bonuses before the Fourth Quarter earnings were calculated, BOA did not disclose the details it possessed about the Merrill bonuses and the unusualness of the timing of those bonuses to its shareholders prior to their vote on the merger.
The next crisis Sources & acknowledgmentsReprintsMost of the proposals for changing the compensation system centre on the composition and timing of bonuses.
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