Salaries At The Top Finally Stop Defying GravityBy
So much for the big promotion.
After 26 years of working for Chase Manhattan Corp., Thomas G. Labrecque last year finally got the top job as chairman. But the onetime protege of David Rockefeller failed to get a Rockefeller-size pay increase to go along with his new title. With the bank toting up losses of $334 million in 1990, Labrecque's salary and bonus fell 28%, to $680,333.
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