By the Numbers

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. CEO Pay Score Card Merrill Lynch Stanley O'Neal $32 million Goldman Sachs Henry Paulson $29.8 million Lehman Brothers Richard Fuld $26.3

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.

CEO Pay Score Card
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
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