IMHO I would be more concerned if he was being seen as taking huge bonuses in the face of this stock slide and losses.

The $354K here for a CEO of a company this size does not seem excessive to me, particularly if the bonus scheme is also not excessive.

While I have yet to jump into this thing it is on my watch list and it looks to me like it has been fairly well managed. There yet may be some bad news, especially as unemployment takes its toll, but this CEO and bank did not get into the loosest of lending like the others and has not done huge dilutions, if it can get through the next few quarters without a big capital raise and without a big spike in its nonperforming loans, this one might even be one of the ones that become a model on how banks can avoid and get through meltdowns, after all the others have run amok with bad lending.

Being cheap here is unwarranted IMHO, and whether I buy or not I hope he has some decent options and stock holdings on top of that salray, so that he gains on any turnaround he can lead this company into. The thing that hurts is when they are seen taking $600K or more in bonuses after reporting another big loss, when the stock is in the dumps, IMHO.

Wish you luck.