socially conscious news and video shared and rated by the community

Lehman's Golden Parachutes

Business (tags: dishonesty, corruption, money, abuse )

The Radic
- 46 days ago - huffingtonpost.com

As the guys at Lehmans were holding out the begging bowl,for public funds,they were giving fat pay offs,to the execs,who had steered the company's luxury liner onto the rocks of failure.How is it,that the people aren't much angrier ?

add a comment | visit site | problem?



Comments

Ombretta LittleShadow (442)

Monday October 6, 2008, 8:09 pm
The best part is that this new tyro bailout czar is a former employee of Goldman Sachs...nepotism, favoritism, corruption!

Hans L. (1033)

Tuesday October 7, 2008, 3:30 am
Thank you BA!

Cate you rock but you know that this is too funny to be true...how stupid can the people who pay for this be?????

GREED SUCKS PEOPLE! This Bailout will help the big guys from wallstreet more than anything else before... its like christmas for these guys!

Carol W. (122)

Tuesday October 7, 2008, 6:25 am
CNN reported that in the first & same week Lehman was asking for fed bailout they had paid 2 executives 40 million dollars.

I guess that was the salary as in the hearing the CEO claims he received no golden parachute, severance pkg. bonus. ]

Just think what happens when we screw up on a job. Often were not even given notice, just the door.