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And they earned this because…?
The Institute for Policy Studies has estimated the CEO pay of the top semi-nationalized banks. It’s a combined total of $289 million for 2007.
CEO in 2007, total compensation in 2007
J.P. Morgan Chase
Bank of New York Mellon
Bank of America
- Pandit was promoted to CEO in Dec. 2007, 8 months after joining Citigroup.
Source: Associated Press inter-active online survey. Includes stock options grants.