Bank of America Investment Bankers to Get 25% Pay Cut


Bankers' counterparts in East Asia took a hit, but not as deep as in the U.S. and Europe. Options Group forecasted compensation to decline 18 percent in Japan. In Asian countries other than Japan, compensation was forecasted to decline 19 percent.

Total equity grants value of three highest paid executives at JPMorgan Chase, Morgan Stanley, and Citigroup since Jan. 1, compared with a year ago:

JPMorgan Chase

1. James Dimon, Chairman & CEO: $20.4 million

Previous: $17.0 million

2. James Staley, Managing Director: $11.4 million

Previous: $14.5 million

3. Mary Erdoes, Managing Director: $10.5 million

Previous: $13.3 million

Morgan Stanley

1. James Gorman, CEO: $5.1 million

Previous: $7.4 million

2. Gregory Fleming, President, Asset Management: $3.4 million

Previous: $4.0 million

3. Paul Taubman, Co-President of International Securities: $3.4 million

Previous: $5.6 million


1. Vikram Pandit, CEO: $3.7 million Previous: 2011-2012 incentive award yet to be determined

2. John Havens, President & COO: $3.5 million

Previous: $4.8 million

3. Manuel Media-Mora, CEO, Global Consumer Banking: $2.6 million

Previous: $4.0 million

  • 1
  • |
  • 2
Join the Discussion
blog comments powered by Disqus
You Might Also Like...
See It, Share It
Travel Ads From Cubas Tourism Golden Age
Jim Heimann Collection/Getty Images
PHOTO: Patrick Crawford is pictured in this photo from his Facebook page.
Meteorologist Patrick Crawford KCEN/Facebook
Yasuyoshi Chibaa/AFP/Getty Images