For the CEOs of the nation’s largest banks, the financial benefits of their position can be…well, how to put this…spectaculartastic? Stupenderful? Astoundalous? Something like that.
In fact, the financial benefits of being a bank CEO have only gotten better in the last few years, to the tune of a 32% increase from 2009-2013.
So just how good is it to be the CEO of a massive bank? One could say it makes their personal bank accounts too big to fail.
Need proof of that? Here’s the list of the top ten highest paid bank CEOs for 2013.
1. Wells Fargo’s John Stumpf – $19,320,409
2. Capital One’s Richard Fairbank – $18,294,525
3. Citigroup’s Michael Corbat – $17,558,119
4. FirstMerit’s Paul Greig – $16,411,240
5. State Street’s Joseph Hooley – $15,841,234
6. Bank of America’s Brian Moynihan – $13,139,357
7. BB&T’s Kelly King – $11,993,625
8. PacWest’s Matthew Wagner – $11,895,271
9. JPMorgan Chase’s Jamie Dimon – $11,791,833
10. US Bancorp’s Richard Davis – $10,793,663
And how did each of those well-paid gentlemen reach those hefty paychecks. Take a look at the chart below, provided by SNL Financial, who also provided the data. It shows the breakdown of the base salary, bonus, option awards, stock awards, and other forms of compensation that each CEO received.