Wall Street's Highest Paid CEOs and IB Chiefs

by Derek Loosvelt | March 15, 2011

Yesterday it was revealed that, for his efforts in 2010, Deutsche Bank's head of corporate and investment banking, Anshu Jain, made $16.7 million -- which was about $4 million more than Deutsche Bank CEO Josef Ackermann made last year. 

A similar situation (in which a bank's IB chief made more than his CEO) was revealed a few weeks ago when BofA released its salary figures for 2010, noting that investment banking chief Thomas Montag earned a $15.2 million bonus while chief executive Brian Moynihan made about $9 million.

The reason these two IB heads made more than their bosses is simple: their units made a majority of their firms' profits (in 2010, Jain's unit accounted for $29 billion in net revenue, 73 percent of DB's total).

As for where these payouts stand versus other top executive suite earners last year, here's a sample of other big bankers' compensation in 2010:

Jamie Dimon, JPMorgan Chase CEO: $17.4 million

Bob Diamond, Barclays CEO: $16.5 million

Lloyd Blankfein, Goldman Sachs CEO: $12.6 million

Carsten Kengeter, UBS Investment Bank chief: $11 million (approx.)

(Bloomberg)

(Related: SEC Votes to Restrict Wall Street Bonuses)

Filed Under: Finance


Legal Internship Spotlight: Citizen Media Law Project at Har Today's Social Media Jobs in Your Area: March 15, 2011

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Career Update Newsletter

Tips and tools to help you manage your ideal career.