What Your Wall Street CEO Is Really Worth

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First Posted: 01-31-08 09:43 AM   |   Updated: 03-28-08 02:45 AM

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Wall Street

Wall Street Journal:

Louis XIV famously said, "L'etat, c'est moi," letting everyone know his centrality in France. Bruce Wasserstein needs no such pithy quotes to broadcast his dominance over Lazard: just look at his compensation-which, at $41 million, is more than one-quarter of the advisory firm's full-year 2007 profit of $155 million.

Is anyone else on Wall Street worth that much? Deal Journal took a look at how much Wall Street CEOs took in last year, expressed as a percentage of net income their firms produced last year. And the CEOs can thank Le Wasserstein for actually making them look underpaid.

Here are a few other Street stalwarts, ranked in order. All of them fall well below Wasserstein's take, when measured as a percentage of net income.

2. Richard Fuld of Lehman Brothers, with a $40.1 million pay package, took home the equivalent of about 1% of his firm's $4.1 billion in net income-a price shareholders may be happy to pay to avoid the Writedown Ebola going around.

3. Lloyd Blankfein, for instance, received a $67.9 million compensation package that is only 0.5% of Goldman's $11.59 billion of net income in 2007.

Read the whole story: Wall Street Journal

Louis XIV famously said, "L'etat, c'est moi," letting everyone know his centrality in France. Bruce Wasserstein needs no such pithy quotes to broadcast his dominance over Lazard: just look at his comp...
Louis XIV famously said, "L'etat, c'est moi," letting everyone know his centrality in France. Bruce Wasserstein needs no such pithy quotes to broadcast his dominance over Lazard: just look at his comp...
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What are they worth? A hell of alot less then each and everyone of them thinks they're worth. Just look at the financial mess they've created then decide their worth.

    Favorite    Flag as abusive Posted 02:28 AM on 02/04/2008

How much is a CEO worth?, ask the prostitutes they hire when on 'business' trips.

    Favorite    Flag as abusive Posted 10:17 AM on 02/01/2008
- WIpatriot I'm a Fan of WIpatriot 37 fans permalink
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Jack spit.

    Favorite    Flag as abusive Posted 04:54 PM on 01/31/2008
- VivaZapata I'm a Fan of VivaZapata 61 fans permalink
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how far can i throw them?

    Favorite    Flag as abusive Posted 11:32 AM on 01/31/2008
- Cathexis I'm a Fan of Cathexis 7 fans permalink

So, tell me Knee-Jerk "Conservatives" ... what value does exhorbitant CEO compensation bring to the Corporation? To the shareholders? To the community?

You're not Conservatives ... you're Chumps, and you've been played like a concert violin. You've been manipulated so much and for so long, you don't even know what "Conservatism" is, any more.

    Favorite    Flag as abusive Posted 11:20 AM on 01/31/2008
- getoffmedz I'm a Fan of getoffmedz 108 fans permalink
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"What Your Wall Street CEO Is Really Worth?" - $2.79/lb.

    Favorite    Flag as abusive Posted 10:00 AM on 01/31/2008
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