LLOYD BLANKFEIN, Goldman Sachs
2006 Pay: $53.5 million
3Q Profit vs. ‘06: +80.3%
Credit Writedown: $1.5 billion
Stock Vs. Year Ago: +30%
What’s in the Headlines: While everyone else suffered huge third-quarter losses, gold-plated Goldman managed a solid quarter.
What’s Coming: Blankfein keeps Goldman’s profit engine running and its competitors on their heels. He’s not going anywhere soon.
JAMES CAYNE, Bear Stearns
2006 Pay: $40 million
3Q Profit vs. ‘06: -$73.8%
Credit Writedown: $700 million
Stock Vs. Year Ago: -27%
What’s in the Headlines: Two of the firm’s hedge funds collapsed over the summer. And while Bear burned, Cayne played golf or bridge.
What’s Coming: WSJ piece revealing the 73-year-old’s pot-smoking could put him up in smoke.
JAMIE DIMON, JPMorgan Chase
2006 Pay: $44.4 million
3Q Profit vs. ‘06: -$76.7%
Credit Writedown: $1.3 billion
Stock Vs. Year Ago: -6%
What’s in the Headlines: Managed a third-quarter profit, surprising the Street.
What’s Coming: He’s always been a golden boy among big-bank CEOs, and so far he’s staying one.
RICHARD FULD, Lehman Brothers
2006 Pay: $40.5 million
3Q Profit vs. ‘06: -11.9%
Credit Writedown: $700 million
Stock Vs. Year Ago: -19%
What’s in the Headlines: Lehman beat analysts’ third-quarter expectations. Reduced expectations, true, but they were still beaten.
What’s Coming: He built the firm into an industry leader. But Lehman and Fuld aren’t out of the credit-crisis woods yet.
KENNETH LEWIS, Bank of America
2006 Pay: $27.9 million
3Q Profit vs. ‘06: -32.3%
Credit Writedown: $247 million
Stock Vs. Year Ago: -15%
What’s in the Headlines: I-banking income was down 93 percent in the third quarter, and big plans for the division were scaled back.
What’s Coming: B of A is now worth more than either Citigroup or JPMorgan. But big i-banking losses could be a big problem.
JOHN MACK, Morgan Stanley
2006 Pay: $40.2 million
3Q Profit vs. ‘06: -10.1%
Credit Writedown: $900 million
Stock Vs. Year Ago: -15%
What’s in the Headlines: Third-quarter profits came in 11 percent below analysts’ estimates. That’s not good.
What’s Coming: Mack is a consummate investment banker— always slick and sometimes vicious. He’ll be fine.
CHUCK PRINCE, Citigroup
2006 Pay: $26 million
3Q Profit vs. ‘06: -83.45
Credit Writedown: $2.9 billion
Stock Vs. Year Ago: -23%
What’s in the Headlines: The third quarter was bad. And the bank has lots of credit exposure—so the fourth quarter could be even worse.
What’s Coming: Prince promises a better fourth quarter. If he’s right, he just might hang on. If he’s wrong, it’s good-bye, Charlie.
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