Poor Us: The Great Depression 2.0

February 13, 2009

Goldman Sachs CEO made $35k per hour in 2007

Filed under: Uncategorized — debacled @ 4:20 am

They look like the Milquetoast Mafia, but yesterday when Barney Frank and members of the House Finance Committee tried to flame grill the C.E.O.s of eight major banks, they not only failed to fry, they didn’t even blush. Are these (former?) Masters of the Universe impervious to heat (and shame)?

Thanks to Recessionwire, the banksters’ heat-proof cocoons of cold hard cash  have been outed.  Reporter Sara Clemence figured out how much money each of them made during their hours rotating on the Capitol Hill spit by calculating their PER HOUR salaries  based on  2007 pay packages. She also provided the fake-sounding 2008 Mea-Culpa compensations they claim to be taking home now as a result of gorging on taxpayer TARP funds to bail out their sorry asses.

Goldman Sachs C.E.O. Lloyd Blankfein
2007 compensation: $73.72 million
Hourly pay: $35,104
Testimony total: $245,728
2008 compensation: $650,000
Hourly pay: $310
Testimony total: $2,170

J.P. Morgan C.E.O. Jamie Dimon
2007 compensation: $20.68 million
Hourly pay: $9,847
Testimony total: $68,929
2008 compensation: $1 million
Hourly pay: $476
Testimony total: $3,332

State Street C.E.O. Ronald Logue
2007 compensation: $20.57 million
Hourly pay: $9,795
Testimony total: $68,565
2008 compensation: $1 million
Hourly pay: $476
Testimony total: $3,332

Bank of America C.E.O. Ken Lewis
2007 compensation: $20.12 million
Hourly pay: $9,581
Testimony Total: $67,067
2008 compensation: $1.5 million
Hourly pay: $714
Yesterday’s total: $4,998

Morgan Stanley C.E.O. John Mack
2007 compensation: $17.65 million
Hourly pay: $8,405
Testimony tota: $58,835
2008 compensation: $800,000
Hourly pay: $381
Testimony total: $2,667

Bank of New York Mellon C.E.O. Robert Kelly
2007 compensation: $14.05 million
Hourly pay: $6,690
Testimony total: $46,830
2008 compensation: $1 million
Hourly pay: $476
Testimony total: $3,332

Wells Fargo C.E.O. John Stumpf
2007 compensation: $12.84 million
Hourly pay: $6,114
Testimony total: $42,798
2008 compensation: $1 million
Hourly pay: $405
Testimony total: $2,835

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