By Becky Yerak | Discover Financial Services Inc., the Riverwoods-based credit card company, said Chief Executive David Nelms received total compensation of almost $3.3 million in 2009. That was down 43 percent from 2008, according to the company’s recently-filed proxy statement.
The compensation consisted of $1 million in salary and nearly $2.3 million in equity.
Last March, the U.S. Treasury Department invested $1.2 billion in Discover preferred stock and common stock warrants under the Troubled Asset Relief Program.
Read the entire proxy statement here.
Poor guy… how WILL he survive?