What Your Wall Street CEO Is Really Worth

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

Comments

[watchingthings]

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.

[FreedomCorpse]

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

[WIpatriot]

Jack spit.

[VivaZapata]

how far can i throw them?

[Cathexis]

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.

[getoffmedz]

"What Your Wall Street CEO Is Really Worth?" - $2.79/lb.