NEW YORK (AP) - If you really want to get rich, work your way up the ladder at an investment bank.
The AP evaluated pay for every Standard & Poor's 500 company that reported 2006 CEO compensation under expanded disclosure requirements. But the requirements only kicked in for companies with fiscal years ending after Dec. 15, so the AP's tally leaves out some of the nation's largest-earning CEOs, almost all of whom work at on Wall Street at investment banks.
They are:
-- Lloyd Blankfein, CEO of Goldman Sachs Group Inc., who received $54.3 million in compensation after leading the top U.S. investment bank to record profits in 2006, according to the company's proxy filing.
-- John Mack had a $41.4 million 2006 pay package for his work as CEO of Morgan Stanley, the nation's No. 2 investment house.
-- Richard Fuld, chairman and CEO of Lehman Brothers Holdings Inc., made $40.6 million in compensation after leading the nation's fifth-largest investment house to near record profits.
-- James Cayne, chairman and CEO of Bear Stearns Cos. received a package worth $38.1 million.
-- Kenneth Lewis, Bank of America Corp.'s chairman and CEO, received compensation valued at nearly $23 million in 2006.
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