Bank set up on Christian principles fails
The executives seem to have done OK, though:Integrity's employees regularly prayed before meetings or in branch lobbies with customers, while the bank gave 10 percent of its net income to charities.
"We felt if we prayed and obeyed God's word and did what He asked, that He would help us be successful," the bank's founder, Steve Skow, told the Journal-Constitution in 2005.
CEO Steve Skow earned $1.8 million that year, while senior lender and executive vice president Doug Ballard earned $847,222. A typical community bank CEO, banking consultants said, earn roughly $300,000 per year.(Via Pharyngula.)
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