Outrageous! Half of these companies should have gone under, would have gone under if not for taxpayer bailouts.
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.
Lloyd 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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- Posted in: Economics