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June 24, 2012 3:27 pm

Bank CEO pay 2011

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It is only the Financial Times’ third annual survey of bank chief executive pay but it already is the second time in a row that the industry’s top managers have been awarded more generously than in the year before.

Average chief executive pay at 15 leading US and European banks increased 11.9 per cent last year to $12.8m, according to data compiled exclusively for the FT by Equilar, the executive pay research firm.

Explore the bank CEOs and their pay in this interactive graphic and watch Long View columnist John Authers, discuss the survey with investment banking correspondent Daniel Schaefer.

Methodology: For each CEO, Equilar looked at total annual pay including base salary, cash bonuses, the grant-date value of stock and option awards, and certain other benefits.

For companies based in the US, the figures were collected from the summary compensation table of each group’s annual proxy statement. For companies based outside the US, Equilar collected data from the director and management remuneration section of each company’s annual report or the form 20-F filed with the SEC.

All values disclosed in currencies other than US dollars are converted into US dollars using the average daily exchange rate for the fiscal year in which compensation was paid.

Grant-date values for equity awards represent their estimated value. Although companies disclose these values, there is no guarantee that an executive will actually realise the amounts shown.

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