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Originally posted by 44soulslayer
Jelousy is an evil mistress.
You folks hate these CEOs simple because you dont command the same respect or pay that they can.
It isnt the fault of the CEOs that they are paid this much, its institutional failure.
Originally posted by Cool Hand Luke
Here's a question for the envious folk in this thread. Why don't you start your own business and become successful like these guys?
Lehman Bros head took home $300m
The head of failed US investment bank Lehman Brothers has told Congress that he took home about $300m in pay and bonuses over the past eight years.
Richard Fuld, whose firm went bankrupt last month, made the statement during testimony before the House Oversight and Government Reform Committee.
The panel is holding its first hearing into the cause of the financial crisis.
It is being held amid renewed market turmoil, with shares plummeting further in Europe and the US.
Committee chairman Henry Waxman opened the hearing by saying the credit freeze threatened the entire economy.
"To restore our economy to health, two steps are necessary," he said. "First, we must identify what went wrong. Then we must enact real reform of our financial markets."
WASHINGTON - The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout.
Your company is now bankrupt our economy is in crises, but you get to keep 480 million.
You did well when you company did well and you did well when you company didn't do well. Now you walked away with 500 million and the owners of you company, the stockholders have nothing