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Pure greed

submitted by lavoll

1 decade 5 years 11 months 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

Redistribute those gains, and reimburse employees.

ObsidianStorm

But does he ever actually answer the question asked?

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>

*money

Adding video to channels (Money) - requested by Eklek.

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