The AP reports that Lehman CEO Richard Fuld admitted to Congress today that he has taken home over $300 million since 2000, “some $60 million in cash compensation.” Furthermore, “executives who feared for their bonuses in the company’s last months were told not to worry,” even as Lehman plead for a federal bailout. Waxman revealed that “the board give three departing executives over $20 million in ‘special payments.’”
Hah.
Edited: In comments, several people found the posted photo offensive, so I've taken it down. Considering the post I wrote below, that was a little stupid to put up, but I admit I'm feeling nasty this morning. I apologize. Here is the story that was linked:
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