This Is How Much You Wish You Were CEO Of Goldman Sachs

Goldman Sachs CEO Lloyd Blankfein received compensation of $US16.1 million in 2011, as reported in the papers today. Despite GS reporting a 47 per cent drop in earnings to $US4.4 billion in 2011, his pay increased 14% on 2010.

Goldman Sachs, one of the largest investment banks in the world, suffered devastating losses in the US housing crisis in 2007-2008 which was a major driver of the GFC. Goldman received a massive bailout from the US Government to avoid bankruptcy in 2008, but has clearly "recovered" pretty well to be paying out these kinds of salaries.

You can read more about the touch year for the massive investment bank here.