February
2012
Monday, May 24, 2010
Tomoeh Murakami Tse, Washington Post, 

Wall Street CEOs are still living large

Some of the nation's biggest financial firms have increased the perks and benefits they pay their chief executives, despite the glaring spotlight from a public fed up with handsome bonuses at bailed-out Wall Street banks.

[WAPO] The lavish fringe benefits included country club dues, chauffeured drivers, personal financial planning services, home security systems and parking. Some increases were in perks that Obama administration officials consider among the most egregious, such as corporate aircrafts for personal travel.

Jamie Dimon, CEO of J.P. Morgan Chase received perks amounting to $266,000 in 2009

A review of the 29 largest publicly traded financial companies that received federal aid found that nearly one in three increased fringe benefits for their chief executives. This includes hefty increases in perks for likes of Goldman Sachs chief executive Lloyd Blankfein and McLean-based Capital One chief executive Richard Fairbank.

Last year, executives at the firms surveyed received perks and benefits worth more than $140,000 on average, compared with $380,000 in 2008.

Enough already. Enough.

Posted by Editor on 05/24/10 at 05:26 AM •  (0) Comments

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