Talk About a Pay Cut…

The Titans Take It On the Chin

"At the beginning of 2008, Vikram S. Pandit, the head of Citigroup, owned shares in his company that were worth $31 million, according to Equilar. Today, his stake is worth $3.7 million.

Mr. Thain’s stake in Merrill was worth $28.5 million a year ago; now it is worth $6.5 million. Lloyd C. Blankfein, the chief executive of Goldman Sachs, owned $465 million of shares in the firm at the beginning of 2008; today his investment is worth $167 million. Kenneth D. Lewis, the embattled chief executive of Bank of America, owned $121 million stake in his bank a year ago; today it’s worth $18.5 million."

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