Salaries of the CEOs of the trouble companies

[Esther]

Originally Posted by tstew

I ran into this nice little article online. It is unreal what these CEOs made last year as they steered their companies into the proverbial iceberg.

Here's just a little sample:
COMPANY: Lehman Brothers
CEO: Richard S. Fuld

2007 TOTAL COMPENSATION: $34,382,036 , (according to SEC. Source: AFL-CIO Executive PayWatch Database)

FINANCIALS: Stock closed at 14 cents on Oct. 7, down from 52-week high of $67.73.
JOBS LOST: 6,000 in '07; 1,400 in '08. Many more at risk, but Barclays deal could save 9,000 out of 25,000 jobs worldwide. Most NYC employees now expected to keep jobs.




For more go here:
http://www.nydailynews.com/money/top...pensation.html

I have a major problem with that as well. Not to mention giving them bonus for their mess ups!.