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.

Goldman Sachs

Lloyd C. Blankfein

Bank of America

Brian Moynihan

JPMorgan Chase

Jamie Dimon


Michael Corbat

Morgan Stanley

James Gorman

Wells Fargo

$22.87 million


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


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


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


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


$11.5 million


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


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