Two of the banking industry's biggest names were paid more than fifteen times their 2009 earnings last year, analysis suggests.
Jamie Dimon (pictured), the JPMorgan Chase CEO, received almost $21m in 2010, while Goldman Sachs' Lloyd Blankfein earned $14.1m, up from $863,000 in 2009, data compiled for the Financial Times shows. Bank chiefs' average pay in the US and Europe leapt 36% last year to $9.7m, according to the figures. In the UK, the chief executives of Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland were awarded cash and stock bonuses valued at more than $26m last year. Meanwhile, two of the biggest winners in 2010 were UK CEOs who have since left their employers. Eric Daniels, f...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes