Big Bank CEOs’ Pay Tops Crisis-Era Highs “As If It Never Happened”

Original post

It appears that market participants’ collective memory reaches about 10 years.

The biggest US banks have now all completed their disclosures on executive compensation, and as Barron’s’ Al Root reports, they tell an important story…

Overall, chief executives at the six banks earned more than $152 million in 2018.

That eclipses the $141 million the same banks paid their top bosses in 2008 – the year before banker pay tanked after the financial crisis.

But they deserve it right?

Wrong! From the end

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