Much has been made about Morgan Stanley CEO Phillip Purcell's 45 percent jump in salary for 2004, despite the firm's lagging stock price. But a look at what major securities firms pay their CEOs shows Purcell is closer to the bottom of the pay scale than to the top.
|Merrill Lynch||Stanley O'Neal||$32 million|
|Goldman Sachs||Henry Paulson||$29.8 million|
|Lehman Brothers||Richard Fuld||$26.3 million|
|Bear Stearns||James Cayne||$24.7 million|
|Morgan Stanley||Philip Purcell||$22 million|
|A.G. Edwards||Robert Bagby||$1.7 million|