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Pure greed

submitted by lavoll

1 decade 5 years 4 months 3 weeks ago

Former Lehman Brothers CEO Richard Fuld tries to defend his salary and bonuses.

While the company was circling the drain and investers were losing their shirts, he took $480 million and had the nerve to say (about his options) "if I didn't take them, I would have lost them".

5 Comments

NordlichReiter

says...

Redistribute those gains, and reimburse employees.

ObsidianStorm

says...

But does he ever actually answer the question asked?

Trancecoach

says...

I guess it's clear that Secretary Treasurer Henry Paulson let Lehman fail, but saved Goldman, simply to eliminate the competition (Paulson was CEO at Goldman before he became Secretary of the Treasury). What isn't clear is how most of these bankers and brokers get away with robbery while the employees that put them there continue to get reamed.

Too bad there's no such thing as "class" in this country </sarcasm>