State Street CEO Joseph Hooley Made Over $16 Million Last Year.
Allied Progress, 09 April 2019
IN 2018, STATE STREET CEO JOSEPH HOOLEY MADE OVER $16 MILLION. In 2018, State Street Chairman And CEO Joseph L. Hooley Received $16,102,525 In Total Compensation. [State Street, SEC Schedule 14A, 2018] In The Wake Of The Financial Crisis, State Street Settled For $663 Million For Its Role In The Crisis—Including Notifying “Preferred Investors” About The Impending Trouble While Leaving Charities And Retirement Funds “Completely Unaware” Of The Problems.
IN 2010, STATE STREET AGREED TO PAY INVESTORS $663 MILLION TO SETTLE CHARGES STEMMING FROM ITS ROLE IN “THE SUBPRIME MARKET MELTDOWN OF 2007.” In February 2010, State Street Agreed To Settle SEC Charges that It Misled “Investors About Their Exposure To Subprime Investments” “By Paying More Than $300 Million” To “Investors Who Lost Money During The Subprime Market Meltdown In 2007,” In Addition To Paying “Nearly $350 Million” To “Settle Private Claims”—A Total Of Approximately $663 Million. [Press Release, U.S. Securities and Exchange Commission, 02/04/10]
