Biggest CEO pay cuts
Lloyd Blankfein earned $40 million less in 2009 vs. 2008. Which 20 Fortune 100 CEOs saw the biggest drops in their total compensation last year?
1. Lloyd C. Blankfein, -$40.1 million
Company:
Goldman Sachs Group (GS)
Goldman Sachs Group (GS)
2009 salary:
$600,000 (same as 2008)
$600,000 (same as 2008)
2009 bonus, options and other comp:
$262,657 (down $40.1 million from 2008)
$262,657 (down $40.1 million from 2008)
Source: Equilar Inc.
NEXT: Vikram S. Pandit, -$38.1 million
Last updated August 09 2010: 5:44 PM ET
Total compensation is calculated as the sum of base salary, discretionary and performance-based cash bonuses, the grant-date fair value for stock and option awards during the fiscal year, and other compensation like benefits and perks. Equilar, an executive compensation research firm, looked only at CEOs at the 100 largest public U.S. companies as measured by revenue. Pay data based on companies' fiscal year end of Dec. 2009 unless otherwise noted. Bonuses are included in the fiscal year they were paid, even if they were earned for performance in a prior year.
