Monday, March 16, 2020

Cincinnati, Ohio-Based Ethically-Challenged Fifth Third Bancorp's Top-Tier Executives Average Annual Pay and Benefits Increase Was a Blistering 19.4% Per Year During the Eight Years (2009-2016) That Joe Biden Was US VP

From Company Proxy Statement filings with the SEC, below are Ethically-Challenged Fifth Third Bancorp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent ten years.

 Since Wells Fargo will probably eventually end up recording Total Pretax Earnings Charges of more than $5 bil for all of  its misdeeds, it only makes sense to me that Fifth Third Bancorp's Total Pretax Earnings Charges for all of its misdeeds will eventually end up being probably north of $1 bil.
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
  Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Fifth Third Bancorp 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Greg Carmichael Chairman and CEO        11,174           8,688           8,688           7,555           7,555           6,451           6,451           3,913           3,913           4,373
Tayfun Tuzun CFP           3,022           2,713           2,713           2,547           2,547           2,158           2,158           1,656           1,656               925
Lars Anderson COO           3,898           3,276           3,276           3,498  N/A   N/A     
Spence Head ConsumerBank&Payments           3,039           3,096           3,096           2,815  N/A   N/A     
Frank Forrest Chief Risk Officer           2,895           2,683           2,683           2,562           2,562           2,788           2,788           1,950  N/A   N/A 
Kevin Kabat Vice Chair and Retired CEO           7,975           7,427           7,427           8,165
Poston Former Chief Admin Officer  N/A   N/A            2,401           2,724
Robert Sullivan EVP                   1,988           2,138
 Totals      24,028     20,456     20,456     18,977     12,664     11,397     19,372     14,946     17,385     18,325
Annual % Change vs Prior Year 17.5% 7.8% 11.1% 29.6% -5.1%
5 Year Average Per Year % Change 12.2%
FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Fifth Third Bancorp 2013 2012 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Greg Carmichael Chairman and CEO           4,373           5,017           5,017           3,716           3,716           2,462           2,462           2,148           2,148           1,399
Tayfun Tuzun CFP               925               782               782               444    
Kevin Kabat Vice Chair and Retired CEO           8,165           8,987           8,987           7,238           7,238           4,822           4,822           5,216           5,216           3,336
Poston Former Chief Admin Officer           2,724           3,065           3,065           2,178           2,178           1,433           1,433               938               938               611
Robert Sullivan EVP           2,138           2,595           2,595           2,725           2,722           1,542           1,542           1,618           1,618           1,354
Paul Reynolds Former Chief Risk Officer  N/A   N/A            2,829           2,224           2,227           1,574    
 Totals      18,325     20,446     23,275     18,525     18,081     11,833     10,259       9,920       9,920       6,700
Annual % Change vs Prior Year -10.4% 25.6% 52.8% 3.4% 48.1%
5 Year Average Per Year % Change 23.9%
10 Year Average Per Year % Change 18.0%  
8 Years (2009-2016) Average Per Year % Change When Joe Biden Was US VP 19.4%


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