Man Of The Week: Richard Fuld, Lehmen Bro’s CEO
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A warm congratulations to you Mr. Fuld for a fantastic year. Just how much did your idiocracy cost?
- Last year, Mr. Fuld earned $45 million
- In the last 15 years, he has taken home $500m in compensation.
- He is number 11 on the Forbes All-Time Highest Compensated CEO’s.
- His average pay for the last year was $17,000 an hour.
- 30 years ago, typical CEO’s made 30 to 40 times the income of their workers.
- The new age CEO on Wallstreet makes 344 times the average pay of workers.
- Warren Buffett says CEO. pay remains the acid test that shows if corporate America is failing.
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September 20, 2008 pm30 11:27 pm
“Michael, can I borrow your company? Turns out mine’s a lemon! It doesn’t work”