The Bailout And The Poor CEOs

Posted by JOE GANDELMAN, Editor-In-Chief in Economy.
Dec 31st, 2008 | 3 responses

3 Responses to “The Bailout And The Poor CEOs”

1. JSpencer says:

   December 31, 2008 at 3:09 pm

   So where are the villagers with pitchforks and torches when you need them? I think one of the more appealing aspects of karma is the belief that sociopaths (yes, that is my word of choice) like these will eventually achieve an appropriate “balance” at some point in their lives… if not this one, then perhaps the next.
2. Rudi says:

   December 31, 2008 at 3:59 pm

   But the popular meme is that the Big Three CEO's flew to DC in corporate jets. I wonder if the auto CEO's will request funds to keep their chauffeurs?
   http://www.commondreams.org/headline/2008/12/21-4
   

   Banks that got bailout funds also paid out millions for home security systems, private chauffeured cars, and club dues. Some banks even paid for financial advisers. Wells Fargo of San Francisco, which took $25 billion in taxpayer bailout money, gave its top executives up to $20,000 each to pay personal financial planners.

   I guess the WS CEO's need financial advisors because they had no fu##ing clue except to steal…
3. Jim_Satterfield says:

   January 1, 2009 at 12:39 am

   But, but…those CEOs must be compensated that much or the companies might lose the brilliant leaders who brought them such amazing success and huge profits. Just ask the WSJ Op-Ed page or Investor's Business Daily.