Wednesday, April 7, 2010 as of 11:14 AM ET
NEW YORK (Reuters) - Bank of New York Mellon Corp <BK.
N> has agreed to pay $33.8 million in severance and benefits to Robert Kelly , who stepped down as chief executive this week after disagreeing with the board over how to manage the company.Kelly, 57, will receive a $2 million in severance pay, as well as a prorated bonus targeted at $4 million, which will be adjusted based on Bank of New York Mellon's performance for the full year.He will also be able to cash in on restricted stock awards for past service totaling $11.2 million and a bested supplemental pension annuity valued at about $16.6 million.Kelly stepped down on Thursday in a surprise move due to what Bank of New York Mellon described as "differences in approach to managing the company." He was replaced by Gerald Hassell, the bank's 59-year-old president, who took over as chairman and CEO.(Reporting by Lauren Tara LaCapra; editing by Gunna Dickson)...
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Bank of New York Mellon (NYSE:BK) revealed a surprise executive shuffle late Wednesday by ousting CEO Robert Kelly and leaving the keys to the world's largest custod...
Bank of New York Mellon Corp (NYSE:BK) said Robert Kelly , who has held the company's top job since 2008, has stepped down as chairman and chief executive officer, f...
Investment manager BNY Mellon (NYSE:BK) said Wednesday that it will cut about 1,500 positions in an effort to reduce expenses and increase efficiency as costs contin...
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LONDON -- Bank of New York Mellon Corp. said Wednesday that its fourth-quarter net profit applicable to common shareholders rose 15% to $679 million, or 54 cents a s...
It makes perfect sense that Bank of America is pursuing Robert Kelly, chief executive of Bank of New York Mellon, to replace Ken Lewis as CEO.As master custodian for...
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