Taylor Capital Rosemont, Ill

Taylor Capital Rosemont, Ill took $93MM in government bailout funding and has made no effort to make any repayment of this capital!

However, fortunately this has not effected the executive compensation.

Chairman Bruce Taylor made $587K

CEO Mark Hoppe made $835K

Lawrence Ryan Made $519K

The insider transaction activity shows the executives had the funds to purchase company stock but not enough funding to pay back the government.

The company has a market capitalization of $171MM.

The equity position is $208MM however, $93MM is taxpayer money which is classified as preferred stock.  This is not preferred stock, this is debt.

The NI was ($143MM) in FY08, ($43MM) in FY09 and ($79MM) in FY10.

The executives get paid fairly well to generate these kind of earnings.

Based on this financial performance, how will they ever be able to pay back this tax payer money?  At least the executive’s won’t be impacted.

Tags: executives paid despite non payment of bailout fund, Non repayment of Gov. bailout funds