As CEO, Thomas J. Tolda was in a challenging position at East-West Bancorp during the financial crisis. His stock holdings remained unvested during 2008 and 2009, a result of both transitioning into the role and prevailing economic conditions restricting stock...
As CEO, Thomas J. Tolda was in a challenging position at East-West Bancorp during the financial crisis. His stock holdings remained unvested during 2008 and 2009, a result of both transitioning into the role and prevailing economic conditions restricting stock awards and bonuses. In 2009, Tolda's compensation was notable with a total of $369,820 but this included a salary without any bonuses due to company performance metrics. By 2010, with his resignation, no stock or option awards were granted or vested. This indicates a significant reduction in equity value through a crucial period of the bank's recovery. His transition marked a pivotal time in East-West, with leadership refreshing for new capabilities to adapt to a fluctuating market.