WINSTON-SALEM, N.C. — BB&T Corporation (NYSE: BBT) today reported earnings for the fourth quarter and the full year 2009. For the fourth quarter, net income totaled $194 million, or $.27 per diluted common share, compared with $307 million, or $.51 per diluted common share, earned during the fourth quarter of 2008. Results for the fourth quarter of 2009 produced annualized returns on average assets and average common shareholders’ equity of .47% and 4.52%, respectively.
Over the last year, executive salaries have come under a firestorm of criticism from the media, politicians and the public alike. As a result of the negative publicity, companies have been put in the unique position of trying to develop compensation plans that will motivate and retain top employees while avoiding public outcry. Executive Compensation 2009/2010 reports the average base salary of a Chief Executive Officer is $346,600.