Executive pay
Big bucks at big banks
A look at what top executives earned last year at key banks, and how that differed from 2011.
Wells Fargo
John Stumpf
Goldman Sachs
Lloyd C. Blankfein
Bank of America
Brian Moynihan
JPMorgan Chase
Jamie Dimon
CitiGroup
Michael Corbat
Morgan Stanley
James Gorman
Wells Fargo
$22.87 million
+15%
John Stumpf, CEO of Wells Fargo, earned $22.87 million in 2012, which marked a 15% increase over his 2011 compensation. He was the highest paid banker in America last year.
|
John Stumpf
Credit: Mark Wilson / Getty Images |
Goldman Sachs
$21 million
+75%
With $21 million in compensation in 2012, Lloyd C. Blankfein, CEO of New York’s Goldman Sachs Group, was Stump’s runner-up. And the money marked a 75% jump in Blankfein’s compensation from the previous year.
|
Lloyd Blankfein
Credit: Andrew Harrer / Bloomberg |
Bank of America
$12.1 million
+71%
Brian Moynihan, Bank of America’s CEO, received $12.1 million in 2012 compensation, up 71%, as directors decided he was getting BofA back on track. The company’s stock rose 109% for the year.
|
Brian Moynihan
Credit: Justin Sullivan / Getty Images |
JPMorgan Chase
$11.5 million
-50%
Jamie Dimon, CEO of JPMorgan Chase saw his compensation sliced in half in 2012, from a pack-leading $23 million in 2011 to $11.5 million. Dimon was whacked by the board over the “London whale” debacle, in which errant derivatives trades cost the bank $6 billion, despite the bank recording a record profit of $21.3 billion.
|
Jamie Dimon
Credit: Chris Ratcliffe / Bloomberg |
CitiGroup
$11.5 million
NA
Michael Corbat replaced Citigroup Inc. CEO Vikram Pandit after Pandit was booted in October. Corbat received $11.5 million in his first months on the job, compared to $6.7 million in compensation Pandit took in before his exit.
|
Michael Corbat
Credit: Simon Dawson / Bloomberg |
Morgan Stanley
$9.8 million
-7%
Morgan Stanley CEO James Gorman earned $9.8 million in compensation in 2012, a 7% decrease from the previous year.
|
James Gorman
Credit: Richard Drew / Associated Press |
