And the winner of this year's banker bonanza award is ...
John G. Stumpf, chief executive of San Francisco's Wells Fargo & Co., with a 2012 compensation package totaling $22.87 million.
Stumpf’s pay package, disclosed Thursday afternoon, was 15% higher than in 2011. Wells said the increase was merited because of the bank's strong showing in 2012. It earned $18.9 billion, up 19% from 2011, during a year in which big banks collectively turned in near-record profits.
The runner-up was $21 million, a 75% increase, for Lloyd C. Blankfein, CEO of New York’s Goldman Sachs Group, whose pay has been notably lofty over the years.
In 2007, Blankfein’s bonus alone was $67.9 million -- an example of what critics said was Wall Street rewarding short-term risk-taking, a practice that helped cause the financial crisis.