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Article Excerpt
The people who run First Community Bancorp, the Rancho Santa Fe-based holding company of First National Bank, were once quite happy with the job Steve Rippe was doing there.
According to the company's proxy, CEO Rippe received an annual bonus $210,000 and granted him 50,000 in stock options for his performance last year. This on top of an annual salary of nearly $168,000, which works out to about $42,000 a month, or $504,000 annualized, putting him at the high end...
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