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And they earned this because...?
The Institute for Policy Studies has estimated the CEO pay of the top semi-nationalized banks. It's a combined total of $289 million for 2007.
Nationalized banks
CEO in 2007, total compensation in 2007
Merrill Lynch,
John Thain
$83,092,713
Goldman Sachs
Lloyd Blankfein
$53,965,418
Morgan Stanley
John Mack
$41,734,815
J.P. Morgan Chase
James Dimon
$28,856,330
Bank of New York Mellon
Robert Kelly
$20,515,810
State Street
Ronald Logue
$19,551,400
Wells Fargo
Richard Kovacevich
$18,510,694
Citigroup
Vikram Pandit*
$3,160,000
Bank of America
Kenneth Lewis
$20,040,000
Total: $289,427,180
* Pandit was promoted to CEO in Dec. 2007, 8 months after joining Citigroup.
Source: Associated Press inter-active online survey. Includes stock options grants.
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Comments (1)
October 20, 2008 11:48 AM
Chris,
Can you also post the compensation of the CEO's whose banks are out of business as well as AIG's and other related companies caught up in this financial tsunami? Thanks!
tCA