First Tennessee Bank parent company CEO takes pay cut

On the heels of news that First Tennessee Bank’s parent company has offered a round of buyouts to employees and the brother of Tenn. Gov. Bill Haslam is leaving the board to focus on other entities like his NFL team, company CEO and chairman Bryan Jordan is getting a pay cut.

Jordan, the top exec of Memphis-based First Horizon National Corp., is taking a cut to his total compensation package including a 5 percent reduction to his cash salary, and he recommended cuts for the rest of the company’s executive leadership as well.

First Horizon reports earnings Friday morning, Oct. 19.

Dansette

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