Wednesday, July 27, 2011

Board of Directors of State Street (25 Members)

Combined Estimated Compensation: $119,054,030.00
Average Americans this amount could employ: 2,748

Small Business: No

Reason listed:
  • management said it will eliminate 530 positions over the next 18 to 20 months
  • company posted a $1.6 billion profit in 2010

Sources: http://people.forbes.com/search?name=&ticker=STT
http://articles.boston.com/2011-07-20/business/29795235_1_state-street-round-of-job-cuts-information-technology

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