Sorted by class year and review ranking.* Investment banking division only, sadly. Source is a LEH bankruptcy document, sent to MDs in December 2007 to prepare for comp communication. Dealbreaker’s army of analysts inputted and scrubbed the data. Enjoy these numbers, you will not look upon their like again.
Average pay and benefits across Lehman’s 28,600 employees in 2007 was $331,958. Average pay for the top 50 people at the bank was a shade under $14mm, meaning that you could have paid the 677 worker bees at the investment bank twice over with the amount spent on the top 50 at Lehman over all.
(Update.) Oh let’s just start with a chart. Number of bankers (IBD only remember) for each class year, and median pay for that year:
Now the specifics. Associates – 330 associates (other than class of ’07, who got a uniform stub bonus paid in stock) averaged $311K each, with a max of $600k and a minimum of $110K for the worst-reviewed. Data below (other than totals on the right, $ in thousands, counts are # of employees at that rank / class year / review category):
Vice Presidents and Directors – 185 VPs averaged $568K each, with a maximum of $900K:
Senior Vice Presidents and Executive Directors – 162 SVPs averaged $833K, with a max of $1.6mm:
Of course some of that pay turned out to be worthless. How much? This much.
Related: Lehman elite stood to get $700 million [LAT]
Related: New Bankruptcy Documents Reveal Outsize Pay at Lehman Before Collapse [NYT]
* Lehman apparently had five categories in its reviews, from 1 to 3, which sounds weird, but then Goldman has five quartiles, so whatever. Class years are associate class; there’s a small stub class called “9998″ for people who didn’t fit the lockstep.
9998 was for those that did not fit into the banker class year salary lockstep
- Guy who knows
I am currently out of office through 4/30.
( out of office autoreply )
No wonder the place went down, top guys only averaging around 800 bucks in bonus money.
-Excel Quant
Nice chart, but no graph. B-
-Your Finance 101 Professor
Adjusted for today's stock price
What a joke.
-Jimmy Cayne
The highest paid associate was an '06 with $600k. How did that happen?!?
"THIS IS AWESOME" – green as hell first year associate after getting his 475k bonus
You botched up the analysis! What you have indicated as the older class is actually the newer class, so for Associates it will be 2003 at top, 2002 in the middle, and 2001 & earlier at the bottom followed by that 9998 or something. The numbers make sense then!
Don't know. S/he was in ECM London. Next highest '06 associate was $335k.
was doin er…
maybe I should sell the 911..
first year associate 8 months later
Do you know who you're addressing like that? Matt would never fuck up a spreadsheet, especially one of this little complexity. I do thoroughly enjoy the irony of quant being in your name, though.
that's a weekend in Vegas!
-GSA
I always knew they were such runners up. Glad the public can see now that these pussies never amounted to much.
- Your Captain Lloyd
God's work is done when CustomersComeFirst
Fixed.
All these guys were once friends of min
You need to turn up more often in the comments section. 35 rating sucks.
pl have a $ signs only on the top-most number
pl call it "0" instead of "0k"
pl turn comments and courier a hardcopy to Anna G's pig farm by 7pm.
where's the document with the associate pay?
found it for myself
http://www.jenner.com/lehman/docs/LARRY%20WIESENE…
VXqPJk I appreciate you sharing this article.Much thanks again. Great.
75SQHC Thanks so much for the post.Thanks Again.
FyPngt I value the article post. Will read on…
6Nvc8z Really appreciate you sharing this article post.Really thank you! Will read on…
gzqvIL Im obliged for the post.Much thanks again. Much obliged.
6mVjVi Im grateful for the blog post.Thanks Again. Really Cool.
FuOyTD I appreciate you sharing this article.Really looking forward to read more.
FPt08b Fantastic article post.Thanks Again. Will read on…
lzpbBh Thanks again for the article.Much thanks again. Keep writing.
Vyx62X Very good article.Really thank you! Keep writing.
25apaF Major thanks for the blog article.Thanks Again.
Utvcb1 Fantastic blog post.Really thank you! Fantastic.
CU8kpa Major thankies for the blog post.Much thanks again. Great.
LHP3Wg I truly appreciate this article.Really looking forward to read more. Cool.
VuUWNV Say, you got a nice blog.Thanks Again. Awesome.
RwbTyC I loved your post. Want more.
QcKany I value the blog article.Really looking forward to read more. Really Cool.
Sec0jv Say, you got a nice article.Thanks Again. Awesome.
5XtcTo Thanks for sharing, this is a fantastic blog article.Really thank you! Really Great.
utf3Zs A round of applause for your blog post.Thanks Again. Fantastic.
7IHoYB Enjoyed every bit of your blog.Much thanks again. Really Cool.
3VU86R Great, thanks for sharing this article post. Really Cool.
eZopuJ Awesome blog.Really looking forward to read more. Great.
HTFbNC Thank you for your article post. Fantastic.
brLWR4 Thanks-a-mundo for the article.Really looking forward to read more. Really Cool.
8X142x Very neat article post.Thanks Again. Much obliged.
eSwuSW Enjoyed every bit of your post. Great.
t5ctp6 Thanks for sharing, this is a fantastic blog article.Really looking forward to read more. Fantastic.
Kq8tPQ I truly appreciate this article. Keep writing.
3hs5Pl Muchos Gracias for your blog.Really looking forward to read more. Keep writing.
KaxWWd A big thank you for your blog.Much thanks again. Want more.
az97Sk Thanks for sharing, this is a fantastic article.Really thank you! Much obliged.
b8NYhX Really informative article post.Much thanks again. Really Great.
kBhbZx Very neat post. Great.
yu7yGo Very good article.Really looking forward to read more. Fantastic.
EOarJ6 Thank you for your article.Much thanks again.
5QIJE1 I really like and appreciate your post.Really looking forward to read more. Really Cool.
9KJPsS Thank you ever so for you article.Really thank you! Will read on…
FXotzG Thank you for your post.Much thanks again. Awesome.
APJzCo I really liked your article post.Much thanks again. Fantastic.
vPEvPi wow, awesome article. Really Cool.
6KdtTI Thanks again for the blog article.Really thank you! Much obliged.
ll1zEA Im thankful for the post.Really looking forward to read more. Much obliged.
1YNmXX Fantastic article post. Fantastic.
Bhucnt Thanks for sharing, this is a fantastic blog article. Will read on…
tu0sqm Very neat blog article. Great.
k8CK4t Thanks for sharing, this is a fantastic blog article. Really Cool.
6Z57Hl Really appreciate you sharing this article.Really thank you! Will read on…
8PoMoo Thanks for sharing, this is a fantastic article post.Much thanks again.
c9bRrw Thanks so much for the blog post.Really looking forward to read more. Keep writing.
d2R9sC Thanks so much for the blog. Want more.
Gqsenp A round of applause for your blog article.Really looking forward to read more. Much obliged.
HdMcFf Appreciate you sharing, great article post. Great.
x6Bgbg I value the blog. Much obliged.
Kr52o2 Great blog.Much thanks again. Really Great.
I5yTqX Thanks so much for the post. Great.
JBc2Xz Major thankies for the blog article.Much thanks again. Cool.
nlWS4T I think this is a real great article.Really thank you! Cool.
LVw9M3 I cannot thank you enough for the article post.Really thank you! Really Great.
sMLEOb Appreciate you sharing, great blog post.Much thanks again. Fantastic.
ZzFX9T Really informative article. Much obliged.
VzGMFb Very informative post. Awesome.
A0AEy4 I value the article post.Much thanks again. Really Great.
VMl3Wf This is one awesome blog. Great.
UNgVuR I am so grateful for your blog post.Really looking forward to read more. Will read on…
uE3IVt This is one awesome article post.Really thank you! Really Cool.
fYSgmx Say, you got a nice article post.Really looking forward to read more. Really Cool.
3QJPfJ Awesome post.Really thank you! Much obliged.
ynWRYp I cannot thank you enough for the blog.Thanks Again.
rVICJm Awesome article. Much obliged.
tyakbD This is one awesome post.Much thanks again. Will read on…
bcFV2w Major thankies for the post.Really looking forward to read more.
2m8me2 Looking forward to reading more. Great article post.Much thanks again. Awesome.
yXHOAP Muchos Gracias for your post.
Cnlr84 Major thanks for the blog post.Much thanks again. Keep writing.
xIRtkD Fantastic article.Really looking forward to read more. Will read on…
It is actually a nice beneficial bit of info. So i am thankful that you just shared this very helpful info along with us. Please keep informed this way. Many thanks sharing.
I am pretty impressed with this. I’m new to Squidoo and reading your blog has provided me with all the inspiration to try and reach this lofty goal. This shows me anything is possible.
Muchos Gracias for your article post.Much thanks again. Fantastic.
Very good blog article. Much obliged.
Im thankful for the blog post.Really looking forward to read more.
Major thanks for the article post.Really thank you! Will read on…
Hey, thanks for the article.Thanks Again. Fantastic.
Very neat blog article.Much thanks again.
Hey, thanks for the blog article.Much thanks again. Awesome.
I am so grateful for your article post.Thanks Again. Fantastic.
Muchos Gracias for your article post.Really looking forward to read more. Great.
Hey, thanks for the blog post.Much thanks again. Will read on…
cpovvjwe [url=http://abercromfitchxpascher.webnode.fr/#6563]abercrombie parish[/url] ifdgczuw abercrombie pas cherx bqzprfft http://abercromfitchxpascher.webnode.fr/
Trading of currencies and bonds is largely on a bilateral basis, although some bonds trade on a stock exchange, and people are building electronic systems for these as well, similar to stock exchanges.
302 Found I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are wonderful! Thanks! your article about 302 FoundBest Regards Cindy
302 Found I was recommended this web site by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are amazing! Thanks! your article about 302 FoundBest Regards Craig
gpqrqqp [url=http://sacslongchamponline.webnode.fr/]sac longchamp[/url] xzwwqn longchamp civiyp http://sacslongchamponline.webnode.fr/
302 Found I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my problem. You’re incredible! Thanks! your article about 302 FoundBest Regards Yoder
dqikzxg
302 Found I was suggested this web site by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my trouble. You’re amazing! Thanks! your article about 302 FoundBest Regards Nick
BwvPlq Very informative article.Thanks Again. Want more.
302 Found I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my difficulty. You’re incredible! Thanks! your article about 302 FoundBest Regards SchaadAndy
I was just looking for this information for a while. After six hours of continuous Googleing, at last I got it in your site. I wonder what’s the lack of Google strategy that do not rank this type of informative sites in top of the list. Generally the top websites are full of garbage.
302 Found I was recommended this website by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my difficulty. You’re incredible! Thanks! your article about 302 FoundBest Regards Lisa
I like gathering utile information , this post has got me even more info! .
302 Found I was recommended this blog by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my problem. You’re incredible! Thanks! your article about 302 FoundBest Regards Veronica
302 Found I was suggested this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my problem. You are amazing! Thanks! your article about 302 FoundBest Regards Nick
As well as I think, or I’d seen much the same sort of producing mainly because one. Surely it had become some newspaper, but I never bear in mind so what now. Is the fact that true? On earth do you simply have superb way with words-at all mainly because remarkable article?
302 Found I was recommended this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my trouble. You are amazing! Thanks! your article about 302 FoundBest Regards Nick
smhnncww [url=http://salespoloshirtsoutletstore.info]ralph lauren outlet[/url] epnznvqaqa http://salespoloshirtsoutletstore.info ncvscnab [url=http://salesmulbagsoutletstore.info]mulberry outlet[/url] kcessbswfl http://salesmulbagsoutletstore.info
302 Found I was recommended this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are amazing! Thanks! your article about 302 FoundBest Regards SchaadAndy
Appreciate how you teach the easy way to use RSS. Nonetheless with so many blogs and so much information, the list within your unread’ RSS feeds can be depressing when you see how far you are falling ehind in your reading.
Julia Hayes recently posted..Serviced Office Space Perth
302 Found I was suggested this website by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my trouble. You’re amazing! Thanks! your article about 302 FoundBest Regards Veronica
cvudkcbi [url=http://cowboysjerseysaleonline.webeden.net/#21444]cowboys jersey sale[/url] vzkpnoh cowboys jersey sale oxezuxtb http://cowboysjerseysaleonline.webeden.net/
302 Found I was recommended this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my difficulty. You are amazing! Thanks! your article about 302 FoundBest Regards Shane
kxqctlvb [url=http://frdoudounemclerpascher.webnode.fr/]doudoune moncler[/url] ehupiburbf http://frdoudounemclerpascher.webnode.fr/ rwjbpztm [url=http://louboutnndesoldes.webnode.fr/]louboutin[/url] qdyxlntcxw cydudlsk [url=http://sacslongchampdepascher.webnode.fr/#083]sac longchamp pas cher[/url] aatdioijfg
302 Found I was suggested this web site by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my trouble. You’re amazing! Thanks! your article about 302 FoundBest Regards Cindy
Facebook has genuinely changed the scenario of online business.
Facebook genuinely rocks…:)
302 Found I was suggested this blog by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my trouble. You are amazing! Thanks! your article about 302 FoundBest Regards Agata
302 Found I was suggested this blog by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are wonderful! Thanks! your article about 302 FoundBest Regards Craig
Quite interesting, thanks really much. I am looking to acquire begun now, and that i agree using your advice on getting a unique internet site with my name in it. I want it to be pretty professional and to attract individuals to? it. Many thanks yet again, pretty informative!
Their a distinctive bloggin prospect, a world class performer, straddling an adjustable piano bench.
302 Found I was recommended this blog by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my trouble. You are wonderful! Thanks! your article about 302 FoundBest Regards Craig
Hey, want more freebies stuff? GO to freebieseden.com
Having fun at your Pinterest Party. I didn’t know you could make groups on Pinterest where you can allow others to pin far too. As well neat! I guess you learn something new everyday. :)
It’s a small environment, after all…
302 Found I was suggested this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are incredible! Thanks! your article about 302 FoundBest Regards Nick
302 Found I was suggested this website by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my trouble. You are amazing! Thanks! your article about 302 FoundBest Regards Rolf
302 Found I was recommended this website by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my trouble. You are incredible! Thanks! your article about 302 FoundBest Regards Cindy
302 Found I was recommended this website by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my problem. You’re wonderful! Thanks! your article about 302 FoundBest Regards SchaadAndy
302 Found I was suggested this website by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my trouble. You are incredible! Thanks! your article about 302 FoundBest Regards Cassetta
bajuljnp [url=http://barboursuksales.webeden.co.uk/#8093]barbour jackets sale[/url] tvyjqogvrg barbour jackets sale qstvofd yvfkarpy [url=http://guiihandbagsuksales.webeden.co.uk/#5280]gucci bags uk[/url] msutzhlrim gucci outlet uk yrcerge
onjiahdc [url=http://salespoloshirtsoutletstore.info]polo ralph lauren uk[/url] ellvfnpold http://salespoloshirtsoutletstore.info hhzkaspa [url=http://salesdrdreheadphonesoutletstore.info]beats by dre uk sale[/url] prddyjotbm
302 Found I was suggested this web site by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my trouble. You’re amazing! Thanks! your article about 302 FoundBest Regards Yoder
Hi there every person. I was just browsing the internet for entertaining and came upon your site. Fantastic article. Thank you quite a bit for sharing your encounter! It is actually wonderful to know that lots of people nevertheless place in an concentration into taking care of their internet sites. I am going to you should definitely look at back
Thanks for your publication. What I want to comment on is that when searching for a good on the net electronics store, look for a web site with entire information on critical indicators such as the security statement, protection details, any payment procedures, and other terms and also policies. Often take time to look at help and FAQ sections to get a greater idea of how the shop is effective, what they can do for you, and exactly how you can use the features.
Excellent site you have kamagra apteka here but I was curious if you knew of any forums that cover the same topics discussed here? I’d really love to be a part of community where I can get suggestions from other knowledgeable individuals that share the same interest. If you have any recommendations, please let me know. Thanks!
This design kamagra is wicked! You obviously know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you presented it. Too cool!
This design kamagra sklep is wicked! You obviously know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you presented it. Too cool!
zkymxjgr [url=http://frmclersdoudounesoldes.com/#66562]doudoune moncler[/url] xexwbsdtps moncler vrprtdm
I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours 302 Found. It’s pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the net will be a lot more useful than ever before.
Wow, superb blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is excellent, as well as the content!. Thanks For Your article about 302 Found .
I was straight looking for this info benefit of a while. After 6 hours of ceaseless Googleing, decisively I got it in your cobweb site. I wonderment what’s the need of Google plan that do not foetid this variety of instructive websites in kamagra na erekcje top of the list. Large the best sites are occupied of garbage.
E3mUXZ Looking forward to reading more. Great article.Really looking forward to read more. Really Great.
Interior and external titles appear to generally be switched
Wow, wonderful blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is magnificent, let alone the content!. Thanks For Your article about 302 Found .
Wow, wonderful blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is excellent, as well as the content!. Thanks For Your article about 302 Found .
I always was interested in this subject and still am, appreciate it for putting up. SEO is just so important!
qhtagtnd [url=http://franklinnmarshallsensoldes.webnode.fr/#92367]franklin marshall pas cher[/url] vrszeuxm franklin marshall bsmseixl http://franklinnmarshallsensoldes.webnode.fr/
Attractive section of content. I just stumbled upon your blog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently rapidly.
Wow, marvelous blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is magnificent, as well as the content!. Thanks For Your article about 302 Found .
Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently fast.
jzdmlscs [url=http://sacslongchampensoldes.monwebeden.fr/#21956]sac longchamp pliage[/url] oneqvx sac longchamp pas cher dnvawolk http://sacslongchampensoldes.monwebeden.fr/pltwntmj [url=http://frsaclongchampdesoldes.monwebeden.fr/#44389]sac longchamp[/url] zpctpf sac longchamp pas cher kepucoli http://frsaclongchampdesoldes.monwebeden.fr/
Wow, incredible blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is magnificent, as well as the content!. Thanks For Your article about 302 Found .
[...]we like to honor several other internet web sites on the web, even when they aren?t linked to us, by linking to them. Below are some webpages really worth checking out[...]
Attractive section of content. I just stumbled upon your website and in accession capital to assert that I get actually enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently quickly.
Nice post at 302 Found. I was checking continuously this blog and I’m impressed! Very useful info specially the last part :) I care for such info much. I was looking for this certain info for a long time. Thank you and good luck.
Great post at 302 Found. I was checking continuously this blog and I’m impressed! Extremely useful info particularly the last part :) I care for such information a lot. I was looking for this particular information for a long time. Thank you and good luck.
ucjxjmyc sgctlqykqi abercrombie and fitch outlet iuvlsjl http://abercromfitchsxoutletstores.webeden.co.uk/#1353 dblqzinx yerwinahmn ralph lauren uk outlet shawwsp http://rallphlaurenxoutletstores.webeden.co.uk/#9401
Wow, incredible blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your site is fantastic, let alone the content!. Thanks For Your article about 302 Found .
I cling on to listening to the news update talk about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i acquire some?
ejmdm air jordan pas cher llbfb louboutin pas cher brepf sac longchamp pliage nhxms http://frschaussuresloubutnnmagasinn.info tflnc
You actually make it seem so easy with your presentation but I find this matter to be actually something that I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I will try to get the hang of it!
Hi there, I found your website via Google whilst looking for a related subject, your website came up, it seems to be great. I’ve bookmarked it in my google bookmarks.
nrpow air jordan pas cher xtnhi sac louis vuitton tubvw sac longchamp pas cher yaegt http://frsmclersdoudounesmagasinn.info deinp
An investment bank can also be split into private and public functions with an information barrier which separates the two to prevent information from crossing. <a rel="dofollow" href="http://www.aramesq.com/brighton-software-development.aspx">Brighton Software Development
big thanks superr