Complaints and information about US Bank Grundhofer excessive compensation, stocks and more
Ten Billion on 1 1/2% growth? That wasn't growth, that was not paying the janitor bill in US Bank branch offices Jerry don't even reach for that $10bln
U.S. Bancorp CEO Grundhofer was paid $14.7 million ...a 44 percent increase ...Shares of U.S. Bancorp (NYSE:USB) closed down Biz Journals
What a greedy, contemptuous, arrogant thief!!! Jerry A Grundhofer: $38,600,000.00
But no matter what the excuse, when this number is put in the context of the average employee's pay and the poor performance of the stock over the last 6 years for old FSR & STB shareholders, it is egregious. Shame on the BODs JG's Compensation
When U.S. Bancorp's stock shares plunged by more than 31 percent last year,the company's compensation committee may have felt it needed to get the attention of chief executive officer Grundhofer. But some shareholders might wonder about the committee's solution -- a 236.6 percent pay hike Biz Journals
The compensation committees of these companies are completely independent--and still lavishly rewarded their laggard CEOs: U.S. BANCORP John Grundhofer TOTAL SHAREHOLDER Return -31.2 PAY HIKE 236.6 % Business Week
Moffett, vice chairman and CFO of US Bancorp, earned more than $4.6 million last year, including more than $3.3 million from exercising stock options. His boss, chairman and chief executive officer Grundhofer, fared better. He made more than $13 million alone from exercising stock options and selling the underlying shares CFO
Credit woes take bite out of U.S. Bancorp 3Q earnings - Grundhofer said in a statement that he was “disappointed” with the performance, a response that was shared by Wall Street traders who had slashed share prices in the Minneapolis-based banking company by 25 percent following the warning Finance and Commerce
Grundhofer is US Bancorp is playing a dangerous game. Rising interest rates are digging into the returns of mortgage bonds held by the bank and Grundhofer is refusing to sell....to see the squeeze at US Bancorp, check out it's net interest margin, still a healthy 4.20% but down 22 basis points in the past year Forbes
Bet I could find someone at least as competent as the Grundbumpkin, who would do the same job for 10th of what y'all are paying now Factoid - CORRECTION
It was 1983 and Grundhofer was in trouble....the bank was losing $1.17 for every dollar it was taking in and rumors were spreading that it could collapse. A potential blot on the record of one who had climbed so high Forbes Global
Why Did They Want Glass-Steagall Repealed? The banking industry is in the midst of a hangover as it watches securities underwriting, once thought to be commercial banks' savior, melt away amid one of the worst underwriting downturns in a decade. U.S. Bancorp became the latest to admit defeat Forbes
After a pass by Wells Fargo, Bank of America eagerly sought a deal when Security Pacific was already a "Dead Bank Walking."...This 1992 story bears present relevance. Jerry Grundhofer, who played prominently in the Security Pacific story, now leads Firstar. Glass-Steagall has finally tumbled Fred Law
"It's an unnatural act. You've got to firm yourself. Any halfway decent person can easily be talked out of it." - Grundhofer, chairman of the First Bank System, telling the Wall Street Journal how he fires people. Grundhofer has fired 2,000 people - or 20% of the bank's workforce - since he took over three years ago Google Groups
Bank chiefs got millions in stock - Grundhofers got shares despite 41% U.S. Bancorp loss JS Online
I NEVER THOUGHT I WOULD SAY THIS CAMERON AND THE BOARD OF DIRECTORS JUST SCREWED THE USBANK EMPLOYEES AND ALSO STOCKHOLDERS
JG comp. package is out of control. Demonstrate that you will GROW FREAKIN REVENUE before paying yourself more than Charles Prince at C. Any monkey can reduce expenses....Congrats on lining your wallet JG, for delivering 1% sales growth in '04 JG's Compensation
U.S. Bancorp shareholders sent a strong message to management and its board of directors at its annual meeting in Minneapolis: Change your ways. Directors had advised shareholders to vote against the three proposals Pioneer Press
Fed president attacks morality of exec pay RETURN THE MONEY NOW GRUNDHOFERS
And the Winners Are: Standouts among the highest paid CEO's in Minnesota: Grundhofer - a second consecutive year of biggest restricted stock grants. Meanwhile, the stock continues to tread water Star Tribune
Shareholders Seek U.S. Bank Changes - It may seem like deja vu for U.S. Bancorp Teamster.Org
U.S. Bancorp Tumbles After Earnings Warning The Street
Grundhofer bagged $14,669,124 at U.S. Bancorp. Here's what Jerry A. Grundhofer could buy if he went on a shopping spree The CEO Shopping Cart
Wonder how these folks live with themselves. Wonder if they have any moral compass that makes them squirm when they look an employee or customer in the eye and then lie Truly pathetic leadership
A challenge to U.S. Bancorp CEO Grundhofer over his pay in 2002 and overall executive compensation drew applause at the bank's annual meeting and spurred shareholders to seek more power on such matters WCCO
Short and long term Analysts and top insiders agree, USB remains well positioned in the market, both for the short-term andlong-term, to continue it's unparalleled tradition of screwing shareholders, customers and employees USB well positioned
Sad to have people like the Grundhofer's running our nations business's and doing this type of wrong doing to the people running their business You Tell Me!
GRUNDHOFER OPTIONS =GRAND THEFT
MONEY FOR NOTHING!!!! USB Message Board
Look at the stock price history and managements impeccable ability to drive the stock prices for their own benefit while the employees and stockholders of USB continue to get the short straw!!...It's a question of integrity and greed! Grundhofer Stock Grants (Smells)
I could not allow the slick, but misguided feature on Grundhofer to go without rebuttal - we were exposed to longer customer lines in branches, overworked employees, inadequate resources, unrealistic sales goals, a retreat from community investments, inferior operational systems, inflexible commercial lending policies and destruction of employee morale Find Articles
U.S. Bancorp posted a 20 percent rise in net income for the first quarter Tuesday, but that didn't protect CEO Jerry Grundhofer from a grilling about executive pay and perks Highbeam Research
Check his parachutes and/or poison pills. My guess is he will come out all right but I'm worried about the good people of USB It means Jack sold his soul
Any thoughts about JG's $14.7mm My present banker knows GM personnally, her words greedy SOB
I have to tell you that I believe that the numbers are ubsurdly high. Considering the other executive compensation mentioned, I think they are dipping far too deeply into our assets. I tell you true, the stock went low and then came back, but I certainly have not seen an incredible performance Re: Any thoughts about JG's $14.7mm
Still waitng for the Old USB shareholders and USB employees with stock in their 401k holdings to wake up to the the fact that they are only going to get 3 dividend checks this year. Jack and Jerry must laugh them selfs to sleep every night Old USB Shareholders
Hey Hey Ho, Ho! Way past time For little Jerry to go!
Are Jerry and Jack "sleeper" agents of Bin Laden, awakened to destroy shareholder value in the U.S. ? Now we know about Jack and Jerry
Everyone with USB 401K or Pension has been screwed.Grundhofer and friends have Screwed you! All With USB 401K or Pension Robbed
COOKED BOOKS + CROOKED EXECUTIVES USB=ENRON,TYCO,WORLDCOM
the grundstinkers really know how to screw up a good thing
Ode To Jack USB message board
Norwood to Star Bank: Live up to deal Cincy Post
Beyond the fire and brimstone, poor Gypie Greedhofer will find himself penniless... all of his money lost or stolen by his U-Suck Bank Gypies Just Desserts
Compare the compensation packages for MI and USB...you sure have one greedy captain
I strongly urge everyone to take a few moments and write a brief letter to the BOD urging them to pressure the Grundhofers' resignation. They have demoralized the employees, have destroyed our customer base, and have no credibility with investors Grundhofer resignation campaign
Grundhofer went on to say, "Customers got the real sh*t end of the stick the past few years. I tried to carry on my brother's concept of minimal customer service, but obviously the drunken lout was wrong. The "Five Star Guaranteed Service" campaign was a marketing scam, so not it's gone Big News
ABSOLUTELY PATHETIC performance.... FIRE MGMT.
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