Lehman Bros.’ Richard Fuld, $40 million.
Merrill Lynch’s Stanley O’Neal, $46 million.
Bear Stearns' James Cayne, $40 million.
Freddie Mac’s Richard Syron, just shy of $20 million.
Fannie Mae’s Daniel Mudd, $12.2 million.
Belly up Ceo's final years pay..this should be against the law!!!!
Belly up Ceo's final years pay..this should be against the law!!!!
guppy;1004759 wrote: Lehman Bros.’ Richard Fuld, $40 million.
Merrill Lynch’s Stanley O’Neal, $46 million.
Bear Stearns' James Cayne, $40 million.
Freddie Mac’s Richard Syron, just shy of $20 million.
Fannie Mae’s Daniel Mudd, $12.2 million.
Simple. Set up a special congressional committe to discuss the past few years with these boys, and how exactly they managed to destroy their nations financial system. If they don't come up with some useful answers, issue proscriptions, take their property and put the assets into the common purse, perhaps to fund some programs to fight poverty; then put them in jail.
Sorted.
Merrill Lynch’s Stanley O’Neal, $46 million.
Bear Stearns' James Cayne, $40 million.
Freddie Mac’s Richard Syron, just shy of $20 million.
Fannie Mae’s Daniel Mudd, $12.2 million.
Simple. Set up a special congressional committe to discuss the past few years with these boys, and how exactly they managed to destroy their nations financial system. If they don't come up with some useful answers, issue proscriptions, take their property and put the assets into the common purse, perhaps to fund some programs to fight poverty; then put them in jail.
Sorted.
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
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QUINNSCOMMENTARY
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Belly up Ceo's final years pay..this should be against the law!!!!
guppy;1004759 wrote: Lehman Bros.’ Richard Fuld, $40 million.
Merrill Lynch’s Stanley O’Neal, $46 million.
Bear Stearns' James Cayne, $40 million.
Freddie Mac’s Richard Syron, just shy of $20 million.
Fannie Mae’s Daniel Mudd, $12.2 million.
Why should it be against the law, these are (were) private organizations and shouldn't it be the concern of shareholders? How does what someone else makes affect other people?
While they may have been paid for failure in these examples and that should be of utmost concern to the shareholders, those payments were fully disclosed as are the total compensation amounts for all senior officers of all public companies, just look in the proxy and any public corporation. Plus there are already laws that limit the tax deductibility of officer compensation above certain limits and that doesn't seem to bother shareholders.
Merrill Lynch’s Stanley O’Neal, $46 million.
Bear Stearns' James Cayne, $40 million.
Freddie Mac’s Richard Syron, just shy of $20 million.
Fannie Mae’s Daniel Mudd, $12.2 million.
Why should it be against the law, these are (were) private organizations and shouldn't it be the concern of shareholders? How does what someone else makes affect other people?
While they may have been paid for failure in these examples and that should be of utmost concern to the shareholders, those payments were fully disclosed as are the total compensation amounts for all senior officers of all public companies, just look in the proxy and any public corporation. Plus there are already laws that limit the tax deductibility of officer compensation above certain limits and that doesn't seem to bother shareholders.
"The power of accurate observation is commonly called cynicism by those who have not got it." George Bernard Shaw
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog