CEO pay: what are the Salaries, Incomes or Packages of CEO's involved in the Bush-Paulson $700B Bailout of Wall Street

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US CEO's got Pay Hikes instead of Cuts in '08

More U.S. CEO's got pay raises than had their pay cut in 2008, a year when billions in taxpayer dollars went to prop up struggling companies and millions of workers lost jobs, according to a survey of AFL-CIO, the largest labour organization in the US. Click on the next links for the AFL-CIO CEO survey, CEO Salaries and the $1 Salary Club.

CEO PAY

Bank	CEO	Pay in $ in 2007:	Pay in $ in 2008:	Pay in $ in 2009	Status of bank or CEO
Lehman Brothers	Richard Fuld	NYT: 22,1M BizJ: 34M			filed for bankruptcy protection mid-September
Goldman Sachs	Lloyd Blankfein	Bizj: 70M Rtrs: 100M	Blmb: 43M		gained Federal Reserve Bank approval to become a bank holding company
American International Group	Martin Sullivan New CEO 2009: Robert Benmosche	BizJ: 14M	CNBC: 47M severance package by resignation in July	$10.5M	received an $182.5 billion bailout from the federal government
	New CEO: Robert Willumstad		Willumstad refused a $22 million severance payment for his three month's work at AIG, since he was never able to enact his strategy.
	Newest CEO: Edward M. Liddy		receives a salary of $1 and equity grants,though retention benefits of the order of millions of dollars are likely to be paid next year	$1 Told to step down May 21st
Merrill Lynch	Stanley O'Neil	ChT: 161M retirement package
	John Thain	BizJ:$17M NYT:83,7M	Grdn: $200M payout with two senior lieutenants for less than a year's work Resigned as President Global Banking, Securities and Wealth management at Bank of America.		acquired by Bank of America
JP Morgan Chase	James Dimon	BizJ:28M Frbs:20,68M Blmb:32M	Blmb: $32M		acquired Washington Mutual in September acquired troubled investment house Bear Stearns earlier this year received 25 billion TARP funds
Morgan Stanley	John Mack	BizJ: 1.6M NYT: 41.4M	Reuters: 1.2M		became a banking holding company
Fannie Mae	Daniel Mudd	BizJ;11,6M	NYT:9,3 M in severance pay		taken over by the federal government
	New CEO: Herbert Allison		?
Freddie Mac	Richard Syron	BizJ:$18M USATd:$24,5M	NYT: 14,1M in severance pay		taken over by the federal government
	New CEO: David Moffett		USAT: 900,000.00, but, read under status:		USAT: until a broader package can be set.
Bank of America	Kenneth Lewis	BizJ; 25M Frbs:20.13M	$1.5M/7.5Mstock options: Bloomberg	No salary or bonus	took over Merrill Lynch. Received $20 billion in federal bailout on 16 January 2009 and also got guarantee of $118 billion in potential losses at the company This was in addition to the $25 billion given to them in the Fall of 2008 as part of a deal with the US government to preserve Merril Lynch.
Wachovia	Kennedy Thompson	BizJ:21M NYT:15,6M	W: severance of 1.45M and accelerated vesting of 7.25 M in restricted stock		Rtrs: taken over by Wells Fargo & Co beginning of October
	New CEO: Robert Steel		BizJ: 1M and see under Status:		BizJ; opportunity for a $12M bonus
Washington Mutual	Kerry Killinger	14,4M and see under status:			Frbs: Killinger is since 2003 director of Safeco, a major US insurance company, with a director package of: 204M
	New CEO: Alan Fishman		BizJ: 20M NYT: is eligible for $11.6 m in cash severance and will get to keep his $7.5 m signing bonus after being on the job for only 6 weeks.		taken over by JP Morgan Chase in September
Citigroup	Vikram Pandit		Blmb: $38M	Blmb: $1	$45 billion government bailout in 2008
American Express	Kenneth Chenault		Blmb: 42.75M		Received $3.4 billion in TARP funds

WALL STREET BAILOUT and SALARIES of INVOLVED CEO's

President Barack Obama took on bailed-out Wall Street firms, setting a $500,000 annual cap on pay for top executives at companies receiving taxpayer funds.

Former President Bush signed into law an historic unprecedented $700 billion plan to rescue the U.S. financial system last year. The deal authorized the Treasury to buy troubled assets from financial institutions. The ceiling on federal insurance for bank deposits was raised from $100,000 to $250,000 and the plan contains a $100 billion in tax breaks. It also limited the compensations for CEO's, barring so-called golden parachute severance payments.

But was that really the case?

"We're not abrogating contracts," said a Treasury official who briefed reporters, short after the bailout plan was revealed. So a lot of the Wall Street CEO's kept their hefty paychecks.

February ' 09 President Obama said that his administration would not allow public money to be wasted on payouts to CEOs whose businesses helped spur the financial and economic crisis. "For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis is not only bad taste -- it's bad strategy -- and I will not tolerate it as president," he said.

The new rules will apply foremost to companies that receive so-called exceptional aid from the government in the future.

Citigroup, Bank of America, General Motors and AIG are among the firms that have received exceptional aid in recent months, though the new rules won't apply retroactively.

Take a look below and find out what the compensation of the Wall Street CEO's is. Their packages vary according to different sources - click on the pay links to see more information per source.

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