Corporate Excess

CEO Bonus Bonanza

It's still a great time to be an executive in New York: The Guardian reports that Goldman Sachs is set to pay out the biggest bonuses in the company’s 140-year history. In April, the firm set aside over $1.5 billion to pay its 28,000 employees, most of whom will receive their largest bonuses ever. Although the combined compensation of New York's top 100 executives is down 36.7 percent from the previous year's total, it's a still-hefty $1.2 billion, the New York Post reports. The tally, by Crain's New York Business, is dominated by financial executives, many of whom accepted bailout money. Numbers four, five and six on the list are Goldman Sacs CEO Lloyd Blankfein, who made $42.9 million; Citigroup CEO Vikram Pandit, who made $38.2 million; and J.P. Morgan Chase head Jamie Dimon,who made $35.7 million. Goldman, J.P. Morgan, and Citigroup received $10 billion, $25 billion, and $45 billion in bailout money respectively, although both Goldman and J.P. Morgan have recently moved to repay the funds.