Money 2010

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.