Did New York Community Bancorp, Inc.'s Pay Plan Deserve to Get Shot Down?

By Tyler Riggs and David Hanson – Jun 10, 2014 at 11:08AM

NYSE: NYCB

New York Community Bancorp

Market Cap

$3B

Today's Change

(-3.90%) -$0.14

Current Price

$3.45

Price as of May 10, 2024, 4:00 p.m. ET

Our financial analysts break down today's banking headlines.

Shareholders at New York Community Bancorp (NYCB -3.90%) voted on Friday to reject the compensation plan governing pay for the bank's top executives. Is this a sign of trouble to come? Or does it mean something else?

In this segment of today's "Where the Money Is", Motley Fool's analysts David Hanson and Tyler Riggs take a look at some headlines from the financial sector and explain how they might affect your investments. David and Tyler note New York Community Bancorp performance under CEO Joseph Ficalora and they were surprised by the vote.

David Hanson has no position in any stocks mentioned. Tyler Riggs has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.