"In 2001, Cotsakos pulled in $4.9 million in salary and bonus, according to documents filed with the Securities and Exchange Commission. E*Trade also forgave a $15 million loan to Cotsakos last year, gave him $15.2 million to pay the taxes related to forgiving of that loan, paid him $29 million worth of restricted stock, and contributed more than $9 million toward a supplemental retirement plan.
In that same year, E*Trade posted a loss of $241.5 million, or 73 cents per share."
E*Trade's CEO salary is 30% of their annual loss!!
E*Trade downgrades CEO's pay - Tech News - CNET.com