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After Goldman Sachs, JPMorgan Chase, and Morgan Stanley announced hefty profits last fall, the Obama administration’s pay czar said that he’d cap pay at Citigroup, Bank of America, and five other bailed-out companies. The move was largely symbolic: It capped salaries for only 25 executives, kept big stock bonuses in place, and did nothing to address the culture of rewarding folks who sowed our economic destruction. Below, some of the players who made out like bandits during the bubble and the bailout.

CLICK ON EACH WALL STREET EXEC BELOW TO SEE THEIR COMPENSATION MEASURED AGAINST THEIR FIRM’S BAILOUT



Joseph Cassano, AIG Financial Products Executive, 1987-2008

CLAIM TO FAME: Mr. Credit-Default Swap. In 2008, his unit cost AIG $99 billion. (AIG then paid $1.5 billion in bonuses and awards.) QUOTE: Before the crash: “It is hard for us…to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions.” HIS BONUS, 2008: $34 million HIS HAUL, 2000-2008: $280 million AIG’S TARP: $69.8 billion ADDITIONAL BAILOUT: $112 billion

Vikram Pandit, Citigroup CEO, 2007-present

CLAIM TO FAME: Ordered a $50 million private jet, announced huge layoffs, and jacked up credit card APRs—after getting bailed out QUOTE: Told Congress last February, “My salary should be $1 per year with no bonus.” Didn’t mention that he took $1.6 million in stock options as Citi lost $18.7 billion in 2008. HIS HAUL, 2008: $10.8 million

Robert Rubin, Citigroup Board of Directors, 1999-2009

CLAIM TO FAME: As Clinton’s treasury secretary, he pushed to overturn regulations prohibiting finance-bank hybrids such as…Citigroup. QUOTE: Wishes he could have reined in Citi but “I don’t know what I could have done” as just a board member. HIS HAUL, 1999-2009: $124 million CITI’S TARP: $45 billion ($20 billion repaid) ADDITIONAL BAILOUT: $328.7 billion

Ken Lewis, Bank of America CEO and President, 2001-2009

CLAIM TO FAME: Okayed $3.6 billion of Merrill Lynch bonuses when buying the troubled firm. Said he’d return $1 million in past earnings, but still gets a $53 million pension. QUOTE: He’s against regulating “the banks that caused this mess” because they’d been “held accountable by the toughest, most unforgiving master of all: the free market.” HIS HAUL, 2008: $10 million HIS HAUL, 2001-2007: $145 million B of A’s TARP: $45 billion (repaid) ADDITIONAL BAILOUT: $18.1 billion

Jamie Dimon, JPMorgan Chase CEO and President, 2005-present

CLAIM TO FAME: Cutting comments (“That’s the dumbest thing I’ve ever heard!”) and cutting perks (“You’re a businessman. Pay for your own Wall Street Journal.”) QUOTE: Over lunch at the Four Seasons: “Corporations can waste a tremendous amount of money. It’s destructive. It’s wrong.” HIS HAUL, 2008: $19.7 million HIS HAUL, 2005-2007: $95.7 million JPMC’S TARP: $25 billion (repaid) ADDITIONAL BAILOUT: $73.1 billion

Lloyd Blankfein, Goldman Sachs CEO and Chairman, 2006-present

CLAIM TO FAME: Oversaw Goldman’s risky bets on the housing bubble, then turned the investment firm into a bank so it could get TARP money QUOTE: Says the financial industry looks “self-serving and greedy in hindsight” but that he’s been “doing God’s work.” HIS HAUL, 2008: $42.9 million HIS HAUL, 2006-2007: $114.4 million GOLDMAN’S TARP: $10 billion (repaid) ADDITIONAL BAILOUT: $43.4 billion

John G. Stumpf, Wells Fargo CEO, 2007-present

CLAIM TO FAME: Made a tidy $12.6 million in first six months on the job QUOTE: Asked before Congress about his 2007 pay, he conceded that he’d gotten $67 million in stock—but “at the values that pertained in 2007, which wouldn’t look familiar to you now.” HIS HAUL, 2008: $13.8 million WELLS’ TARP: $25 billion (repaid) ADDITIONAL BAILOUT: $13.4 billion

John J. Mack, Morgan Stanley CEO, 2005-2009, and Chairman, 2005-present

CLAIM TO FAME: Earned the sobriquet Mack the Knife by slashing jobs. His battle cry: “There’s blood in the water; let’s go kill!” QUOTE: Told Congress, “If you gave me no bonus in the best year, I would still be here,” but later griped that smaller post-bust bonuses led to “an exodus of key people.” HIS HAUL, 2008: $1.2 million HIS HAUL, 2005-2007: $77.7 million MORGAN’S TARP: $10 billion (repaid) ADDITIONAL BAILOUT: $25.9 billion

John Thain, Merrill Lynch CEO, 2007-2009