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First Interstate Bancorp, in announcing the next phase of its ongoing strategic plan, said its goal is to move its 1995 expense/revenue ratio to 58% from 65·7% in 1993. The expense/revenue ratio is considered to be a key measure of a bank's operating efficiency.
Total compensation shall represent competitive levels of compensation… Performance‐related pay shall be a significant component of total compensation placing a substantial portion of an executive officer's compensation at risk.
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