Banks Owe Executives $40B In Pay, Pensions

Jamie Dimon, CEO J.P. Morgan Chase

Lloyd Blankfein, CEO Goldman Sachs

Top Wall Street banks scheduled to receive $125 billion in government capital injections reportedly owe their executives more than $40 billion in compensation and pension packages year to date, complicating U.S. Treasury stipulations that the banks strictly use capital infusions to boost lending.  (WSJ)

According to a Wall Street Journal tabulation, Goldman Sachs, J.P. Morgan Chase and Morgan Stanley owe their executives up to $11.8 billion, $8.5 billion and $12 billion respectively in deferred compensation.

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