We are aware that chief executives of different banks have large incomes, but the truth is that not all managers receive the highest salaries. Some bank managers at lower positions had giant checks last year, bigger than their CEO and their competitors. Half of the 10 best-paid executives at U.S. banks in the Standard & Poor’s 500 aren’t the chief executives of their companies.
The top 10 included CEO of Wells Fargo John Stumpf, asset managers and chief operating officer of JPMorgan Chase and others:
1 — John Stumpf, Wells Fargo CEO ($19.3 million)
2 — Jamie Dimon, JPMorgan Chase CEO ($18.2 million)
3 — Matthew Zames, JPMorgan Chase COO ($17.6 million)
4 — Mary Callahan Erdoes, JPMorgan Chase CEO, asset management ($17.1 million)
5 — Daniel Pinto, JPMorgan Chase CEO, corporate and investment bank ($16.7 million)
6 — James Forese, Citigroup CEO, institutional ($16.2 million)
7 — Thomas Montag, Bank of America COO ($14.8 million)
8 — Michael Corbat, Citigroup CEO ($14.6 million)
9 — Brian Moynihan, Bank of America CEO ($13.8 million)
10 — William Demchak, PNC CEO ($12.7 million)
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