Citi, Bank of America Managers Averaged $18 Million Pay in 2008

Bloomberg by Bradley Keoun | Oct. 25, 2009 (News Report)

The highest approved pay among all the covered executives was $10.5 million for Robert Benmosche, the CEO of AIG, whose bailout totals $182 billion.

Oct. 24 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. paid top executives an average of $18.2 million each last year as the banks accepted $90 billion of bailout funds, records from Treasury Department paymaster Kenneth Feinberg show. Full Story »

Posted by jpinsatx - via Google News (Business)

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by John Louden - Oct. 27, 2009

Shock and awe.

Bank of America will pay the 13 top executives a total of $78.6 million in 2009, according to Feinberg. While the total is down by 66 percent from last year, the executives will still get an average of about $6 million