Wednesday, October 8, 2008

Investment Banking Heads Made $1 Billion+

Twelve of the highest paid executives of the investment banking world that helped create the current disaster made over $1 Billion from 2003-2007.

The top paid.... Dick Fuld from Lehman Brothers who (in a leaked email) responded to an internal suggestion that he and other senior bankers forgo their bonus this year:

Don't worry -- they are only people who think about their pockets.
I guess when you rake in more than $250 million over a five year stretch, you no longer have to worry about your pockets...

Source: NY Times