Economics Made Economical

Outrageous! Half of these companies should have gone under, would have gone under if not for taxpayer bailouts.

The Buzz - Investment and Stock Market News

It’s that time of year again. Most of the nation’s big banks have disclosed how much chief executives earned in 2012. While some had their compensation cut, others received hefty raises.

One caveat: Wells Fargo (WFC) CEO John Stumpf, who received $17.6 million in total compensation in 2011, is not on the list. Wells has not yet disclosed Stumpf’s 2012 compensation. Blankfein: $21 million

The CEO of Goldman Sachs (GS), took home a pay package totaling $21 million.

On top of his base salary of $2 million, Goldman Sachs’ board granted Blankfein a nearly $19 million bonus: $13.3 million in stock and $5.6 million in cash.

In 2011, Blankfein received total compensation worth $12 million.

He wasn’t the only one who got a raise last year. The other top four executives at Goldman were paid base salary and bonuses worth a combined $71 million.

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