Fifth Third increases executive pay based largely on stock performance

03/3/2010 | American City Business Journals

Cincinnati-based Fifth Third Bancorp said in regulatory filings that executives received pay increases in 2009, with most of it linked to the bank's stock performance. The salary of CEO Kevin Kabat increased from $900,000 in 2008 to $2.1 million in 2009, but most of the increase is coming from phantom stock units.

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