The top executive of Financial Institutions Inc. – the parent company of Five Star Bank – received an executive pay package last year that was 23 times more than the annual total compensation paid to the company’s median employee.
According to a regulatory filing, president and CEO Martin Birmingham received a package worth $1.2 million in 2017. That’s an increase of 14.4 percent compared to $1 million awarded in 2016.
While Birmingham’s pay topped $1 million for the second year in…
