Comments on: Getting out while the getting is good at National City… http://www.footnoted.com/subprime-mess/getting-out-while-the-getting-is-good-at-national-city/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Michelle Leder http://www.footnoted.com/subprime-mess/getting-out-while-the-getting-is-good-at-national-city/comment-page-1/#comment-5813 Michelle Leder Tue, 15 Jul 2008 17:05:45 +0000 http://www.footnoted.com/?p=1971#comment-5813 Interesting, but I can't find the release that you mention here. There were two on June 23, but no mention of Kelly that I can find. Interesting, but I can’t find the release that you mention here. There were two on June 23, but no mention of Kelly that I can find.

]]> By: Jo http://www.footnoted.com/subprime-mess/getting-out-while-the-getting-is-good-at-national-city/comment-page-1/#comment-5812 Jo Tue, 15 Jul 2008 15:59:39 +0000 http://www.footnoted.com/?p=1971#comment-5812 Hmmm, the agreement says the retirement of this 54-year-old CFO, "... will be deemed a “negotiated termination” for any stock award agreements ..." Boilerplate, no doubt, but still interesting. Also, a telling sentence in the PR Newswire July 29, 2008 announcement: " Lines of business that previously reported to Kelly have been realigned, including National City Mortgage, which now reports to the company's Retail Banking segment, and National City's national commercial banking, capital markets and structured products businesses, which recently have been realigned under centralized Commercial Banking segment leadership." Hmmm, the agreement says the retirement of this 54-year-old CFO, “… will be deemed a “negotiated termination” for any stock award agreements …” Boilerplate, no doubt, but still interesting.

Also, a telling sentence in the PR Newswire July 29, 2008 announcement:
” Lines of business that previously reported to Kelly have been realigned, including National City Mortgage, which now reports to the company’s Retail Banking segment, and National City’s national commercial banking, capital markets and structured products businesses, which recently have been realigned under centralized Commercial Banking segment leadership.”

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