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The Wall Street Journal reports that CEO pay was down a whopping 3.4% last year.  But wait!

CEO compensation decreased more sharply at banks and brokerages, long the source of some of the biggest paychecks. Median annual cash compensation for CEOs in the financial industry fell 43%, to $976,000. Total direct compensation fell 14.2%, to a median $7.6 million.

So that’s what happens when you destroy the global financial system: your pay goes down 14% to a mere $7.6 million per year.  I guess we showed them, didn’t we?

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And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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