Bankers continue to rake in the bonuses (Wells Fargo CEO $21.3 million package for 2009)

Wells Fargo strategically used the diversion of Goldman Sachs, Bank of America, AIG and Freddie/Fannie while crafting the compensation package for their top executives. John Stumpf, CEO was rewarded with a $21.3 million compensation package for 2009. This was almost 2 ½ times his $8.8 million package for 2008.

After receiving and paying back the $25 billion TARP funds, Wells Fargo managed a record $12.3 billion profit in 2009. Hank Paulson, Ben Bernanke and Tim Geithner maintain the “bailout” benefited Main Street.

Shareholders at the bank's annual meeting will also vote on a shareholder proposal to hold a "say on pay" vote at each annual meeting. The bank is recommending that shareholders vote against this proposal. Would you expect the bank to recommend the proposal, potentially making it more challenging when drafting a $58,000 per day compensation package?