CEOs aren't alone bringing home giant paychecks from the nation's big banks. Less-recognized executives at these banks are also making major bank, outstripping the pay of CEOs of even some rival financial institutions.
Half of the 10 best-paid executives at the nation's banks in the Standard & Poor's 500 aren't the chief executive officers of their companies. They include JPMorgan Chase (JPM) Chief Operating Officer Matthew Zames, Bank of America (BAC) COO Thomas Montag and Mary Callahan Erdoes, who is the chief of the asset management unit of JPMorgan Chase, according to a USA TODAY analysis of 2015 compensation data from the banks' most recent filings. Bank of America's Montag out-earned his own bank's CEO (Brian Moynihan) and that of Citigroup (C) as well (Michael Corbat).
All told, 17 named non-CEO executives at the 17 banks in the S&P 500 raked in more than the median $8 million that CEOs at those same banks got. Named executives include heads of major bank divisions, chief operating officers and chief financial officers.