The average pay of top bankers in the US and Europe fell by nearly 60 per cent in 2009 amid a furore over bonuses, according to data compiled for the Financial Times.
An analysis of the total pay awarded to 17 bank chief executives reveals that some of the steepest falls were recorded by the industry’s leading figures including Lloyd Blankfein at Goldman Sachs, Barclays’ John Varley and Jamie Dimon at JPMorgan Chase.
Across the banks surveyed, average chief executive pay dropped to $6m in 2009, down from nearly $14m in 2008, according to the analysis by Equilar, the pay research firm.
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