Money 2010

In this era of economic anxiety, the question of how your paycheck stacks up looms larger than ever. A shameless accounting of who’s making what — and how they’re spending it.

Nice Work if You Can Get It

Boston’s most overpaid workers.

Henri A. Termeer, Genzyme chairman, president, and CEO

$13.8 million
A wiser investment for Genzyme might have been some janitors to avoid a few headaches last year, including a viral contamination and the discovery of steel and rubber in some medications.

David Sargent, Suffolk University president

$2.8 million
A longevity bonus, performance bonus, some deferred pay, and big retirement payouts means Sargent’s package tops the combined salaries of the presidents of MIT, Harvard, and Tufts.

Brian Moynihan, Bank of America president and CEO
$10 million
This is what Moynihan was earning before his recent promotion to CEO — a tidy sum from a bank that had a rough year (taking $45 billion in TARP funds, getting blasted by the president, allegedly fooling investors in a takeover of Merrill Lynch, etc.). His new gig? It pays about $20 million.

Brian Scalabrine, Celtics forward
$3.4 million
Look, we love Scal when he gets in the game. But as he wraps up the last season of his five-year, $15 million deal with the C’s, it’s tough to imagine how the pudgy redhead got this kind of contract.

Dan Grabauskas, former MBTA general manager
$327,000
This is what Grabauskas is being paid to not work for the state. Which means the ousted T chief has officially replaced the Mass. Pike toll taker as our most extravagantly paid doer-of-nothing.

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  • Joseph

    I’m trying to figure out where the $150,000 figure for ‘Boston Police Officer’ came from in your recent Salary Survey. I’ve been with the BPD for over 4 years now and haven’t even come close to that figure. Sure, a Boston Police Officer does have an opportunity to work details or overtime shifts but there are times when those shifts are ordered on Officers’ days off (e.g. Holidays, festivals, sports championship parades, etc.) when the Officer would much rather be spending time with their family. Nonetheless, the starting base salary for an Officer is in the mid-fifties and an Officer with three years will earn just under 70K a year… For that same officer to earn the 150K you report, he/she would have to work the equivalent of over 300 eight-hour road details over the course of a year which would further equate to over 40 additional hours per week. Our salary is public knowledge, so don’t get me wrong, there are Officers who have earned additional income to provide for their famili

  • Joseph

    Our salary is public
    knowledge, so don’t get me wrong, there are Officers who have earned additional income to provide for their families, but to report it as if its
    commonplace perpetuates the animosity the media and public have for the
    hard working men and women of our fine city.