Bear Stearns and Lehman Execs took out $1.4 billion and $1 billion CASH between 2000-2009
Don’t you just hate being HAD?
Their focus was on short term gains, kind of like a Craps table at Vegas…
They say they deserved their pay because they took great risks. Yet they destroyed the world economy and are still billionaires…
Where is the Gitmo for Wall Street Terrorists?
The payouts came in the form of cash bonuses as well as thousands of shares of stock that the executives sold as the share prices of their 7 spins companies soared. Most of the executives sold far more shares during that period than the number they held when their companies hit bottom.