Wednesday, October 08, 2008

Not Bad Compensation for Incompetence

Some highlights:

Countrywide CEO Mozilo got $361.7 million dollars between 2005-2007.

Lehman Bros. CEO got $187.5 million in earnings for the previous three years and Lehman filed for bankruptcy.

And AIG... those arrogant bastards... AIG's chief, Martin Sullivan, collected $25.4 million over three years. AIG got a $85 million bailout in June and in Sept. the execs spent over $400,000 for a weeks retreat. The arrogance is mind boggling!! Take the frigging money back and if 'bastardy' was a crime, put them all away for 30 yrs.


cat's momma said...

You got that right: the ARROGANCE!

Did AIG folks think no one would notice or comment on that trip? GAWDDDDDDDDDD

Rudee said...

Oh come now. You don't think they'll give it back do you? People never seem to learn from history. Let me just say, Marie Antoinette. Cake anyone?

The Crusty Crone said...

You're right, Rudee, we seem to never learn from history. Even from recent history. I'm thinking of the savings and loans failure a few years ago.

One thing... I've stopped getting all those pre-approved credit card applications in the mail. (00)

Rudee said...

I say we put a guillotine up in the middle of wall street-just as a friendly reminder.

Sue J said...

I think it's the huge payouts these CEOs get - regardless of whether they've improved the company or run it into the ground -that are hard to swallow. I've never had the money to gamble (for that's what it is) on the stock market, but we will all be affected by the plunge.