Two thrift CEOs earned more than $1 million compensation.Two thrift CEOs earned more than $1 million compensation LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- The chief executive officers at Great Western Financial Corp. and H.F. Ahmanson and Co. were the only CEOs of the nation's top 20 thrifts to receive over $1 million in compensation last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an analysis by MCS Associates, a division of the Grant Thornton accounting and management consulting firm. The large salaries, slightly higher for both from the year before, came at a time both institutions reported sizable drops in return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). . James Montgomery, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Great Western, received $1.2 million, while the company's return on assets fell from 0.82 percent in 1988 to 0.28 percent last year. Richard Diehl, chairman and CEO of Ahmanson, parent of Home Savings of America, received $1.1 million. The company's return on assets declined to 0.45 percent from 0.53 in 1988. |
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