WILLIAM COOPER TCF FINANCIAL Co. CHAIRMAN AND FORMER CEO
Total compensation: $3,941,789 for the year ended Dec. 31, 2015
Salary: $1,500,000
Nonequity incentive pay: $1,990,777
Other compensation: $451,012
Total 2015 shareholder return: -9.9 percent
Note: William Cooper, who retired as TCF's CEO for the second time at the end of 2015, took home significantly less than the $17.1 million he took home in 2014. In the prior year, the majority of his $12.1 million in compensation was realized from restricted stock awards.
In 2015, Cooper didn't exercise any stock options or realize any restricted stock awards. His salary was the same, but his annual incentive bonus decreased by $1 million.
TCF failed the shareholders' nonbinding say on pay vote two years in a row. At last year's annual meeting in April, only 30.6 percent of shareholders supported the say-on-pay vote, one of the 15 lowest scores during the last year. In response to those votes, the company made concerted efforts in 2015 to engage shareholders more often by attending nine investor day conferences and hosting its first investor day since 2006.
