Could bailout’s pay caps launch Wall Street trend?–Christian Science Monitor headline
…as surely as the moon is made of Roquefort cheese.
Still, the Red Sox Curt Schilling may have made more per hour.
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By Ron Scherer Tue Sep 30, 4:00 AM ET
New York - Lloyd Blankfein, chairman of Goldman Sachs, made $73.7 million last year. James “Jamie” Dimon, chairman of J.P. Morgan Chase, had to make do with $57.2 million, reported Forbes magazine.
But if either company takes part in the federal government’s $700 billion rescue plan for financial firms, Mr. Blankfein and Mr. Diamon may have to be content with $500,000 a year, or their company will have to pay higher taxes.
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Goldman Sachs Group CEO Lloyd Blankfein looks on during the World Economic Forum in Davos, January 24, 2008.
(Wolfgang Rattay/Reuters)
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Image: (Walter Huston-Treasure of the Sierra Madre) (gold)collectorsinternet.com