An
article from DowJones Online Financial News reports that investment bank CEO pay fell 43% last year - good news for those concerned about pay for performance given that it was a rough year for many investment bank shares. However, even after that 43% drop, pay averaged a staggering $27 million.
Interestingly, some executives at firms were paid more than their CEOs, such as two
Goldman Sachs Group (NYSE: GS) co-presidents who earned more than $71 million compared to CEO
Lloyd Blankfein's paltry $70.3 million.