$20 million the mark for Lloyd Blankfein?

Is JPMorgan Chase (JPM) CEO Jamie Dimon setting the compensation bar for Goldman Sachs CEO Lloyd Blankfein? The public has decided the two men's pay are somehow--no one is quite sure how--intertwined, and has been waiting to see how much the two would be paid for their work in 2009.

Dimon is expected to receive a package worth somewhere between $15 to $20 billion, all in stock that will likely not be cashable for five years. He'll likely not get a cash bonus. In a previous era, Dimon would have made much more. The sting will perhaps be lessened by the $10 million in stock that he received from cashing 10-year old options.

The Financial Times says he intends to hold onto those shares. The options were to expire in March, so he had to cash them. My guess is that strike price was low. It's unclear what the tax consequences of the exercise are. The speculation now turns to Blankfein, who may be in line for similar pay. 

For more:
- here's the Financial Times article

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