CEO Sinks Company -- Gets Paid $350 Million

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CEO Sinks Company -- Gets Paid $350 Million

Tuesday, October 7, 2008

The chairman of failed investment bank Lehman Brothers continued to give himself bonuses during the company's demise.

Richard Fuld Jr., CEO of failed investment bank Lehman Brothers, was faced with some tough questions from Rep. Henry Waxman, chairman of the House Committee on Oversight and Government Reform. The whopping $350 million is just the tip of the iceberg. Take a look ...

Are CEOs like Fuld to blame? Or is it the government's fault for failing to intervene?

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It is both of their faults. This should be illegal.

- Alice Miller

Posted 10/07/08 11:35 PM

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