There are pay freezes and then there is the CEO Paycheck Shrink Ray. CNN lists the CEOs who were the biggest victims of the latter.

Topping the list: Goldman Sachs Group chief Lloyd C. Blankfein, whose total pay — including bonuses and other perks — was slashed by $40.1 million to $862,657 in 2009 from nearly $41 million in 2008.

Check out the article for the top 20 CEO pay cuts and laugh at the poor suckers who lost more money last year than entire families will make in a lifetime.

Biggest CEO pay cuts [CNN]

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