CEO pay takes a hit in bailout plan

• AIG CEO Martin Sullivan received $25.4 million, including $322,000 for private use of corporate aircraft, $153,000 for car and parking, $160,000 for home security and $41,000 for financial planning.

• Former Lehman CEO Richard Fuld got $187 million.

• O'Neal of Merrill Lynch received $66 million, including $357,000 for car services and personal use of aircraft in 2007.

• Prince of Citigroup made $42 million, including $180,000 for corporate aircraft, ground transportation and security services.

• Goldman Sachs CEO Lloyd Blankfein made $76.2 million, including $233,000 for car and driver services and $61,000 for financial and benefits counseling services.

Still, while its unclear how much — if any — impact the financial crisis will have on overall executive compensation, it's probable that the luster of golden parachutes will be dulled, experts say.

"There's a lot of room to downsize the exit pay for executives," says Reda. "They don't need that much money to find their next jobs, or to figure out what they want to do with their lives."

Page
  • 1
  • |
  • 2
  • |
  • 3
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...
See It, Share It
PHOTO: Firefighters rescue a woman who got stuck in a chimney in Thousand Oaks, Calif.
Ventura County Fire Department
PHOTO: Apple Pay is demonstrated at Apple headquarters on Oct. 16, 2014 in Cupertino, Calif.
Marcio Jose Sanchez/AP Photo
PHOTO: Up in Ash: Mount Sinabung Erupting
Tibt Nangin/Anadolu Agency/Getty Images
PHOTO: Defendant Jodi Arias testifies about killing Travis Alexander in 2008 during her murder trial in Phoenix, Feb. 20, 2013.
Charlie Leight/The Arizona Republic/AP Photo
PHOTO: Kim Kardashian, Kanye West, their daughter North West and Delphine Arnault attend the Givenchy show as part of the Paris Fashion Week Womenswear Spring/Summer 2015, Sept. 28, 2014 in Paris.
Bertrand Rindoff Petroff/French Select/Getty Images