Bank Chief Defends Pay ; Clifton Savings Shareholder Puts Directors' Salary On Trial
The Record, Bergen County, NJ › June 05, 2007
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Summary
Clifton Savings Bank Chairman and Chief Executive Officer John Celentano Jr. was in the uncomfortable position Monday of defending his and other directors' pay in court.
"Please don't point at me," he snapped at one point under tough questioning from Peter Bray, attorney for activist investor Lawrence B. Seidman.See the full content of this document
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Bank Chief Defends Pay ; Clifton Savings Shareholder Puts Directors' Salary On Trial
Shareholder Seidman sued Clifton Savings and its directors in October 2005, alleging that the board was using the bank to unjustly enrich itself at the expense of o...
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