Hudson City Bancorp's CEO Receives $7.9M In Comp
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By STEPHEN BERNARD
NEW YORK (AP) Ronald Hermance, chairman, president and chief executive of Hudson City Bancorp Inc., received compensation in 2008 that the company valued as a 10 percent higher than in the previous year, according to an analysis of a regulatory filing.
Hermance received a compensation package valued at $7.9 million in 2008, compared with $7.2 million in 2007, according to a filing with the Securities and Exchange Commission. Despite the increase, Hermance's compensation is still short of the $9.2 million he received in 2006.
Hermance's base salary increased 12 percent in 2008 to $1.4 million, from about $1.2 million a year earlier. He received a 13 percent boost in his performance-based bonus, which totaled $2.3 million. ...
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