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Wall Street CEO Pay Jumped By More Than 20 Percent In 2011

By Pat Garofalo  

"Wall Street CEO Pay Jumped By More Than 20 Percent In 2011"

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According to a Bloomberg News analysis of data reported to the Securities and Exchange Commission, pay for the top CEOs on Wall Street increased by 20.4 percent last year, led by the $30 million paid to buyout company KKR and Co.’s Henry Roberts Kravis. This increase comes after a 26 percent jump in 2010, but follows a year in which “33 of the 50 biggest financial companies had negative share returns.” Huge paychecks on Wall Street have been one of the drivers of income inequality over the last few decades.

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