Rep. Waxman asks Lehman CEO about salary: 'Is this fair?'

Rep. Henry Waxman asks Lehman Brothers chief executive whether his hefty salary from the failed company is fair. (YT)

You gotta love Fuld's answer.
9980says...

I wonder if the question prompted Fuld to wonder just what the hell he was going to do with all of that money. Sometimes I think living in such a capitalist country is like being stuck in a David Lynch film.

buzzsays...

>> ^bcglorf:
promote Don't know if I'm able, but come on. Being paid $500 million in 8 years to bankrupt a company?


Oh no, you've misunderstood. You see, he didn't really receive 500 mill, because he had to pay for those shares, it really is closer to 250M in reality according to him.

Oh. Well then. Only 250M? Let's go home then.

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