Tuesday, October 7, 2008

Winners and Losers

The CEO of Lehman Brothers went before congress yesterday.

As Ricky Ricardo used to say, "He had some 'splainin' to do."

The collapse of Lehman Brothers is seen by many as the start of the domino effect that's currently being felt around the world.

Our congressional leaders were questioning Mr. Fuld about the personal compensation being taken home by Lehman Brothers executives even while the company was imploding.

It seems that, over the last few years, Mr. Fuld has personally taken home 500 million dollars.

That's $500,000,000.00.

He took a while to dispute that figure and said he thought it was closer to 300 million dollars. But, still, that seems like a lot of money to me.


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