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The payout, about $364 million annually, is a fraction of its anticipated earnings per share, which will also get a boost, thanks to a restarted $4 billion stock buyback plan.
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They said Nordea, which is based in Stockholm, had scaled back its total bonus payout, to about 16 percent of the bank's revenue from investment banking, asset management and capital markets for 2009, down from about 20 percent last year.
The claims related to phone-hacking by the Daily Mirror, Sunday Mirror and Sunday People between 1999 and 2010, The unprecedented size of the payouts – about £150,000 per claimant – is likely to mean that more hacking victims will come forward.
The total payout of about $1.1 billion is toward the low end of analysts' expectations about what it would cost to rid ABB of its asbestos problems.
It agreed to the payout -- about 30percentt of its profit in the years in question --to put the matter behind it.
The chief executive, Jamie Dimon, would like to restore the payout to about a third of earnings.
Based on Mr. Kelly's 2010 compensation, that would appear to limit his payout to about $19.7 million.
While Dish had offered a payout of about $1 billion if a merger fell apart because of regulatory concerns, Sprint wanted about $3 billion to provide extra comfort.
Wells Fargo said in December that Mr. Stumpf would receive a stock payout worth about $10 million but would not receive a cash bonus.
Like the Goldman deal, the Bank of America infusion comes with a rich plum: a guaranteed dividend payout of about $300 million a year, whether the stock goes up or down.
The hammer finally landed at £8.5 million — which, once Sotheby's commission and taxes were added in, translated to a £9.6 million payout, or about $17.2 million.
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