In the midst of a financial turmoil that has raised questions, among other things, about fat executive pay packets, a media report listed out 12 top Wall Street bankers who collectively took home over $1 billion (yes, $1 billion!) in the past five years.
The total take-home pay of the 12 bankers, current and former chiefs of some of the biggest names in the US financial space, stands at $1.053.15 billion during 2003-07, as per data compiled by The New York Times.
The report listed out Citigroup's India-born chief executive Vikram Pandit, JP Morgan Chase's James L Dimon and Goldman Sachs' Lloyd C Blankfein, among others.
Fuld, who is also the chairman of Lehman Brothers, took home $256.41 million.
'As recently as June 2008, Fuld said he was confident that Lehman was sound even as the bank posted a second-quarter loss of $2.8 billion. But, on September 15, Lehman filed for bankruptcy and began sliding towards an eventual liquidation,' the report said.
The total take-home pay of the 12 bankers, current and former chiefs of some of the biggest names in the US financial space, stands at $1.053.15 billion during 2003-07, as per data compiled by The New York Times.
The report listed out Citigroup's India-born chief executive Vikram Pandit, JP Morgan Chase's James L Dimon and Goldman Sachs' Lloyd C Blankfein, among others.
Fuld, who is also the chairman of Lehman Brothers, took home $256.41 million.
'As recently as June 2008, Fuld said he was confident that Lehman was sound even as the bank posted a second-quarter loss of $2.8 billion. But, on September 15, Lehman filed for bankruptcy and began sliding towards an eventual liquidation,' the report said.
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