Sunday, July 13, 2008

Wachovia's Steel and His "Steely" Performance at Duke

The Wall Street Journal sez Wachovia's, "Mr. Steel could get compensation valued at about $38 million during his first year as chief executive. His package includes a $1.1 million salary, a $10 million signing bonus of restricted shares tied to a rising share price, plus a target annual bonus and long-term incentive grant valued at $21 million.".

How "steely" was his performance at the helm (of the Chair of Trustees) of Duke when it faced its biggest PR challenge in recent memory? Yes, I'm talking about the Lacrosse Scandal. The Durham in Wonderland blog provides a different perspective on Steele from the otherwise glowing coverage by Charlotte media.

Also check out the roundup of Duke Magazine's Lacrosse: The Latest Round for Alumni letters on the media, faculty and the administration's role in the scandal.

- charlottemom

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