Despite most headlines correctly noting that Bank of America CEO Ken Lewis had his pay cut in half in 2008 compared to the year before, the 58% drop in his compensation was less severe than the drop in the company's stock price last year. Worse, Lewis still made $10 million in 2008 according to company filings (though the stock option awards are probably worthless right now).

Lewis' pay included:

• $1.5 million in base salary
• $4.3 million in stock awards
• $3.1 million in stock option awards
• $854,256 for the change in pension value and deferred compensation
• "other expenses" of $275,125 - primarily the use of company aircraft and home security services