SPECIAL REPORT
Big bank execs: What they take home
When times were good, the top executives from the largest U.S. banks made a mint. Below is the total compensation in 2007 for the 9 banks that received the first batch of government aid through TARP.
| Bank | Executive | Salary | Total Compensation |
|---|---|---|---|
| Bank of America | Kenneth D. Lewis Chairman and CEO |
$1.5 million | $24.8 million |
| Bank of America | Joe L. Price Chief Financial Officer |
$800,000 | $6.5 million |
| Bank of America | Amy Woods Brinkley Global Risk Executive |
$800,000 | $9.3 million |
| Bank of America | Barbara J. Desoer Global Technology and Operations Executive |
$800,000 | $10.5 million |
| Bank of America | Liam E. McGee President Global Consumer and Small Business Banking |
$800,000 | $12.2 million |
| Bank of America | Brian T. Moynihan President of Global Corporate and Investment Banking |
$718,859 | $10.1 million |
| Bank of America | R. Eugene Taylor Former Vice Chairman and Former President, Global Corporate and Investment Banking |
$800,000 | $3.3 million |
| Citigroup | Sir Winfried Bischoff Chairman |
$373,734 | $6.1 million |
| Citigroup | Vikram Pandit CEO |
$250,000 | 573,813 |
| Citigroup | Gary Crittenden Chief Financial Officer |
$403,410 | $19.4 million |
| Citigroup | Sallie Krawcheck Chair and CEO—GWM |
$500,000 | $7.1 million |
| Citigroup | Lewis Kaden Vice Chairman |
$500,000 | $6.8 million |
| Citigroup | Michael Klein CEO- Global Banking |
$212,500 | $7.9 million |
| Citigroup | Stephen Volk Vice Chairman |
$212,500 | $7.6 million |
| Citigroup | Charles Prince Former Chairman and CEO |
$1 million | $15.1 million |
| Goldman Sachs | Lloyd C. Blankfein Chairman and CEO |
$600,000 | $70.3 million |
| Goldman Sachs | Gary D. Cohn President and Chief Operating Officer |
$600,000 | $72.5 million |
| Goldman Sachs | Jon Winkelried President and Chief Operating Officer |
$600,000 | $71.5 million |
| Goldman Sachs | David A. Viniar Chief Financial Officer |
$600,000 | $58.5 million |
| Goldman Sachs | Edward C. Forst Chief Administrative Officer |
$600,000 | $49.1 million |
| JP Morgan Chase | James Dimon Chairman and CEO |
$1 million | $27.8 million |
| JP Morgan Chase | Michael J. Cavanagh Chief financial officer |
$500,000 | $8.3 million |
| JP Morgan Chase | Steven D. Black Co-CEO Investment Bank |
$400,000 | $20.9 million |
| JP Morgan Chase | James E. Staley CEO Asset Management |
$400,000 | $16.7 million |
| JP Morgan Chase | William T. Winters Co-CEO Investment Bank |
$564,379 | $21.2 million |
| Merrill Lynch | John A. Thain Chief Executive Officer |
$57,692 | $17.3 million |
| Merrill Lynch | Nelson Chai Executive Vice President and Chief Financial Officer |
$34,615 | $1.7 million |
| Merrill Lynch | Gregory J. Fleming President & Chief Operating Officer |
$350,000 | $27.4 million |
| Merrill Lynch | Robert J. McCann Executive Vice President |
$350,000 | $5 million |
| Merrill Lynch | Jeffrey N. Edwards Former Chief Financial Officer |
$275,000 | $2.6 million |
| Merrill Lynch | E. Stanley O’Neal Former Chief Executive Officer |
$584,231 | $24.3 million |
| Merrill Lynch | Ahmass L. Fakahany Former Co-President and Co-Chief Operating Officer |
$350,000 | $4.6 million |
| Merrill Lynch | Dow Kim Former Executive Vice President |
$309,615 | $14.5 million |
| Morgan Stanley | John J. Mack Chairman and CEO |
$800,000 | $1.6 million |
| Morgan Stanley | Colm Kelleher Chief Financial Officer |
$339,603 | $21 million |
| Morgan Stanley | David H. Sidwell Former Chief Financial Officer |
$275,000 | $14.6 million |
| Morgan Stanley | Robert W. Scully Co-President |
$500,000 | $15.2 million |
| Morgan Stanley | Gary G. Lynch Chief Legal Officer |
$300,000 | $11.9 million |
| Morgan Stanley | Thomas R. Nides Chief Administrative Officer |
$300,000 | $6.3 million |
| New York Mellon Bank | Robert P. Kelly
Chief Executive Officer |
$975,000 | $20.1 million |
| New York Mellon Bank | Thomas A. Renyi
Executive Chairman
|
$1 million | $22.2 million |
| New York Mellon Bank | Gerald L. Hassell
President
|
$800,000 | $11.8 million |
| New York Mellon Bank | Bruce W. Van Saun Vice Chariman and Chief Financial Officer |
$650,000 | $8.9 million |
| New York Mellon Bank | Steven G. Elliott Senior Vice Chairman |
$675,000 | $19.7 million |
| New York Mellon Bank | Ronald P. O'Hanley Vice Chairman |
$675,000 | $11.5 million |
| State Street Corp. | Ronald E. Logue Chief Executive Officer |
$1 million | $28.3 million |
| State Street Corp. | Edward J. Resch Chief Financial Officer |
$650,000 | $6.6 million |
| State Street Corp. | Joseph L. Hooley Vice Chairman |
$725,000 | $10.3 million |
| State Street Corp. | Joseph C. Antonellis Vice Chairman |
$675,000 | $9 million |
| State Street Corp. | James S. Phalen Executive Vice President |
$480,000 | $7 million |
| Wells Fargo | Richard M. Kovacevich Chairman |
$995,000 | $22.9 million |
| Wells Fargo | John G. Stumpf President & Chief Executive Officer |
$749,615 | $12.6 million |
| Wells Fargo | Howard I. Atkins Senior Executive Vice President & Chief Financial Officer |
$600,000 | $5.1 million |
| Wells Fargo | David A. Hoyt Senior Executive Vice President, Wholesale Banking |
$600,000 | $6.4 million |
| Wells Fargo | Mark C. Oman Senior Executive Vice President, Home & Consumer Finance |
$600,000 | $6.4 million |
| Wells Fargo | Carrie L. Tolstedt Senior Executive Vice President, Community Banking |
$495,192 | $4 million |
Source: Company proxy statements for 2007.
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