Fuld Of It
The marriage of CEO Richard Fuld to Lehman Brothers is best described as "for richer and for richer." While workaday Lehman employees lost everything, Fuld has walked away with hundreds of millions. Here's the shocking video. What's really shocking to me (though not surprising) is the fact that none of these multi-mega-millionaires whose companies are tanking or have tanked have offered to personally give back to their employees.
via Drudge
I generally don't bash CEO salaries since the economist in me likes to think that the money is still in the economy working away. But if Fuld gets an admitted 310 million and Lehman let 23,000 employees go, that divides out to about $13,500 per employee. Using the 15,000 employee number mentioned in the video, and the $500 million mentioned elsewhere for Fuld, that divides to about $33,000. That's astounding.
doombuggy at November 26, 2008 7:00 AM
It's amazing to me that these people who managed companies that went under don't feel any sort of financial obligation to the "little people" who worked for them.
Amy Alkon at November 26, 2008 10:56 AM
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