The Big Earners.

[Macs.]

http://i99.photobucket.com/albums/l314/Macs3000/StanleyOneal2-1.jpg
Stanley O'Neal / Ex-CEO Merrill Lynch
Loss: 52.000.000.000 $
Yearly salary(2006): 48.000.000 $
Compensation: 161.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/RichardFuld-1.jpg
Richard Fuld / CEO Lehman Brothers
Loss: 8.600.000.000 $
Yearly salary: 41.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/JamesECayne-1.jpg
James E. Cayne / CEO Bear Stearns
Loss: 19.800.000.000 $
Yearly salary: 68.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/JohnJMack-1.jpg
John J. Mack / CEO Morgan Stanley
Loss: 11.000.000.000 $
Yearly salary: 40.000.000 $

[Nano]

Freaking Macs man you know some of us are probably pissed about this and you post this.You're hilarious.rofl You should have posted their personal info along with their daily routine to go along with it.p-) It'd be interesting to know how many have hired PMC's to protect them and their loot.

[vryhpyammoadded]

I wonder what the rest have received in their undisclosed compensations. O’Neal’s seems about the norm for his salary and position, maybe a little under.

[Merfeller]

I get the point of this, believe me. The company loses money while the CEO gets paid, etc. But very year Forbes magazine publishes a list of the most overpaid CEOs, which is widely circulated in other publications and media. They've been doing this for decades. But only in a crisis does the public "care" in the form of outrage. Hilarious. I can't blame these assholes for taking that kind of money if it is offered to them. Who wouldn't? They're ****ing arrogant for sure to think they're worth that much, but do you expect them to say "Oh no, guys, please, this is too much money. Pay me less?"

I blame the boards of these public companies that approve the salary packages and to some extent the shareholders of the companies who vote to let them do this. Until the boards of public companies show some sense or are pressured to initiate performance based pay for top management, i.e. "show a profit or you get nothing beyond a meager base salary," nothing will change. It's not just the financial industry, either, though the pay is probably highest among these types.

[MJC9678]

I get the point of this, believe me. The company loses money while the CEO gets paid, etc. But very year Forbes magazine publishes a list of the most overpaid CEOs, which is widely circulated in other publications and media. They've been doing this for decades. But only in a crisis does the public "care" in the form of outrage. Hilarious. I can't blame these assholes for taking that kind of money if it is offered to them. Who wouldn't? They're ****ing arrogant for sure to think they're worth that much, but do you expect them to say "Oh no, guys, please, this is too much money. Pay me less?"

I blame the boards of these public companies that approve the salary packages and to some extent the shareholders of the companies who vote to let them do this. Until the boards of public companies show some sense or are pressured to initiate performance based pay for top management, i.e. "show a profit or you get nothing beyond a meager base salary," nothing will change. It's not just the financial industry, either, though the pay is probably highest among these types.

Correct. It is the BOD's that should be under the spotlight. They set compensation. If a company offered you 100MM, would you say "sorry that is too much". Come on....these BOD's are criminal in there willful fleecing of the shareholders.

[danielc]

The salary of CEO's in the US are just outrageous, and it's nothing new, it's been around for years. I remember a few years ago when the president of the New York Stock exchange resigned or was fired, I'm not sure, and got a compensation package of something like $190 million dollars. A completely ridiculous sum of money.

Running these companies is a lot of pressure, and it's not an easy job, but does it really justify the payment of such outrageous amounts of money when a lot of the workers underneath them are paid a small fraction of what these guys are paid, and they're the people doing the real work to keep these companies going.

[gayarabianman]

Is it me or does that guy in the second picture have 1 of them faces that you just want to punch?
Deservedly so too.

[Mordoror]

I blame the boards of these public companies that approve the salary packages and to some extent the shareholders of the companies who vote to let them do this. Until the boards of public companies show some sense or are pressured to initiate performance based pay for top management, i.e. "show a profit or you get nothing beyond a meager base salary," nothing will change. It's not just the financial industry, either, though the pay is probably highest among these types.

you can blame the boards but ................those boards are often a council of the same men listed above
the method is usually this one : you are hired in a company as a CEO. The board offer you a salary; In this board there is another person which is hired by another company where you are a board member (or if not a "simple" advisor to the board)

Given the fact that this personn at your previous hiring give you a lot of monye, you give him also a lot of money. The solution is to discard all the boards and do not allow CEO to be members or advisors of anyother company board.
Another solution is a state regulation on the salary
It will sound a little communist to some of our liberal US fellows, but if the CEO had a limit to its salary (let's say x10 the lower salary of its company) if he wants more
1- he will have to higher the lowest rank salary
2- and ensure that the company is healthy to make that

[PanzerMaster]

This whole thing is obscene... Why someone don't print posters with those infos (and face, and maybe address) and begin to affix them on employee room of Walmarts and other minimun wage place, plus some affixion in some bad hood.

Maybe Americans will awake and sort the question, once for all.

[LEB101]

i wish i maid 2 percent of that money

[Fiber]

This whole thing is obscene... Why someone don't print posters with those infos (and face, and maybe address) and begin to affix them on employee room of Walmarts and other minimun wage place, plus some affixion in some bad hood.

Maybe Americans will awake and sort the question, once for all.

Not Walmart but at the post office. Just the info and face though. Address is a bit much.

[BugHunt]

http://i99.photobucket.com/albums/l314/Macs3000/RichardFuld-1.jpg
Richard Fuld / CEO Lehman Brothers
Loss: 8.600.000.000 $
Yearly salary: 41.000.000 $




What a exquisite example of managerial manhood!

Hes managed to cram regal, imperious, condescension and superiorty into one smile rofl


I really hope he gets caught with his paws in the cookie jar ;)

[RallyPointCebu]

its a win-win situation inside the BOD. you lead me to this position.. and in return i wll give you this and that compensation... after all.. it is people's money that we are working with, and we share the loots first hand.
win or lose in the market. we all get paid and filthy rich. evil grin..

[loganinkosovo]

http://i99.photobucket.com/albums/l314/Macs3000/StanleyOneal2-1.jpg
Stanley O'Neal / Ex-CEO Merrill Lynch
Loss: 52.000.000.000 $
Yearly salary(2006): 48.000.000 $
Compensation: 161.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/RichardFuld-1.jpg
Richard Fuld / CEO Lehman Brothers
Loss: 8.600.000.000 $
Yearly salary: 41.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/JamesECayne-1.jpg
James E. Cayne / CEO Bear Stearns
Loss: 19.800.000.000 $
Yearly salary: 68.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/JohnJMack-1.jpg
John J. Mack / CEO Morgan Stanley
Loss: 11.000.000.000 $
Yearly salary: 40.000.000 $

You forgot to add "Liberal Democrat" to each of the photos......

:)

[perdurabo]

This whole thing is obscene... Why someone don't print posters with those infos (and face, and maybe address) and begin to affix them on employee room of Walmarts and other minimun wage place, plus some affixion in some bad hood.

Maybe Americans will awake and sort the question, once for all.
and do what? PRIVATLEY OWNED company decided to pay high sallaries to top heads, i would understand outrage for state owned ones as they are paid from my taxes.
BTW guys on our list also Bank menagers earn around only 1 200 000 euros yearly but minimal wage here is just 4 800 yearly...(i wonder if somone without grey market job can feed his family with that kind of money...)

[soutikghosh]

http://i99.photobucket.com/albums/l314/Macs3000/StanleyOneal2-1.jpg
Stanley O'Neal / Ex-CEO Merrill Lynch
Loss: 52.000.000.000 $
Yearly salary(2006): 48.000.000 $
Compensation: 161.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/RichardFuld-1.jpg
Richard Fuld / CEO Lehman Brothers
Loss: 8.600.000.000 $
Yearly salary: 41.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/JamesECayne-1.jpg
James E. Cayne / CEO Bear Stearns
Loss: 19.800.000.000 $
Yearly salary: 68.000.000 $



http://i99.photobucket.com/albums/l314/Macs3000/JohnJMack-1.jpg
John J. Mack / CEO Morgan Stanley
Loss: 11.000.000.000 $
Yearly salary: 40.000.000 $

What will these guys do now, that their respective banks are in trouble ?

[Fiber]

They will probably invest the millions they made in real estate and make a killing once the market goes up again.

[PanzerMaster]

They will probably invest the millions they made in real estate and make a killing once the market goes up again.

probably... "rinse... repeat!"

[danielc]

Link: http://www.breitbart.com/article.php?id=080926123140.jvg3mysz&show_article=1&lst=1

Popular anger puts fat cat CEOs on the run
http://img.breitbart.com/images/LogoAFPsmall.jpg (http://www.breitbart.com/partner.php?source=afp) http://www.breitbart.com/images/common/dot.gif Sep 26 08:31 AM US/Eastern

An angry US public and Congress are pushing to snip the rip cord on golden parachutes used by fat cat CEOs to escape Wall Street's mayhem. Democrats in Congress -- set to resume emergency talks Friday with their Republican counterparts on a 700-billion-dollar (478-billion-euro) bailout for the financial industry -- insisted that any agreed package include restrictions on executive pay.

They caught the mood of a nation sickened at watching the titans of finance walk away from Wall Street disasters not only unscathed, but enriched.

"The wealthiest people, those... in the best position to pay, are being asked for no sacrifice at all," read a petition to Treasury Secretary Henry Paulson, which by Thursday, after three days, had 32,600 signatures. The petition, organized by independent Senator Bernie Sanders from Vermont, attacked what it described as the Treasury's attempt to let bungling executives "continue to make exorbitant salaries and bonuses."

Those gigantic pay checks, bonuses, and Midas-like farewells encapsulate what the public sees as Wall Street's greed-is-good philosophy.

For example, the CEO of bankrupt Lehman Brothers, (http://search.breitbart.com/q?s=Lehman%20Brothers&sid=breitbart.com) Richard Fuld, received total compensation of 71.9 million dollars in 2007, including stock, bonuses and other pay, according to a survey published by Forbes magazine. Martin Sullivan, the chief executive of AIG, who left the insurance giant before it was rescued this month by the federal government, received 14 million dollars, a survey in USA Today (http://search.breitbart.com/q?s=USA%20Today&sid=breitbart.com) said. He also quit with a severance package worth 47 million dollars.

Even punishment for those at the center of the chaos comes with a gold lining.

When the government took over collapsed mortgage giants Fannie Mae (http://search.breitbart.com/q?s=Fannie%20Mae&sid=breitbart.com) and Freddie Mac, (http://search.breitbart.com/q?s=Freddie%20Mac&sid=breitbart.com) ousted bosses Daniel Mudd and Richard Syron were not allowed 12.59 million dollars worth in severance payments. Yet they still got out the door with 9.43 million dollars in retirement benefits.

Public anger at such figures underlies skepticism about the entire government rescue.

"We'll never see that money again," said Mathew May, a 24-year-old economics student attending a small demonstration near the New York Stock Exchange. "They deregulated the markets and ran wild. Now we're bailing them out."

Arun Gupta, an editor of alternative New York newspaper The Indypendent, said there was "socialism for the rich and dog-eat-dog capitalism for the rest of us." "Think about it," Gupta wrote in an email that quickly circulated to thousands of activists and inspired the New York street protest. "They said providing healthcare for nine million children, perhaps costing six billion dollars a year, was too expensive, but there's evidently no sum of money large enough that will sate the Wall Street pigs."

...And left-wingers are not the only ones speaking out.

Newt Gingrich, (http://search.breitbart.com/q?s=Newt%20Gingrich&sid=breitbart.com) the fiercely conservative former speaker in the House of Representatives, wrote in the National Review that the bailouts, likely to top a trillion dollars, smack of "crony capitalism." "Doesn't that mean that we're using the taxpayers' money to hire people to save their friends with even more taxpayer money? (http://search.breitbart.com/q?s=taxpayer%20money&sid=breitbart.com)" he asked.

Forbes, the magazine for and about the rich, also said enough was enough. The compensation schemes for Wall Street CEOs should be capped to a small fixed amount," wrote national editor Robert Lenzner. "The rest should be dependent on performance in a way that does not reward taking greater risk than is prudent. If CEOs don't perform, they should get nothing."

One worker in the New York finance sector, who asked not to be named, said his colleagues were as angry as the general public. "A lot of people are very upset that managers in their own companies and captains of industry in other areas made some really, really bad decisions," he said. "The most insulting thing is the golden parachutes where these jackals from Fannie and Freddie, having destroyed the company, walked away with millions.... It all comes down to greed."

Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium

[gayarabianman]

Time to clean this crap up once and for all:)
Long prison sentences should be given.

[Mastermind]

I think the French had the best solution to this kind of crap...Didn't Marie find out first hand? I think when she said "Let them eat cake" (If she realy said that) epitomized this kind of insanity. It really looks like **** Fuld has just said the same thing in his photo up there.

[MJC9678]

You forgot to add "Liberal Democrat" to each of the photos......

:)

So true. I used to work at the "smug guy's" firm and the entire building was bursting with liberal democrats. It was horrible.

[Brute]

I think the French had the best solution to this kind of crap...Didn't Marie find out first hand? I think when she said "Let them eat cake" (If she realy said that) epitomized this kind of insanity. It really looks like **** Fuld has just said the same thing in his photo up there.

+1
http://i99.photobucket.com/albums/l314/Macs3000/RichardFuld-1.jpg

Hey ****, I've got your severance package right here:

http://kara.allthingsd.com/files/2008/05/guillotine.gif

[0rphie]

Whatever they did to our financial system should be characterized as "financial terrorism"

[BugHunt]

Whatever they did to our financial system should be characterized as "financial terrorism"


LOL genius :)

The effects will be worse then any drug or terrorist action....



Though arguably the straw which broke the back WAS 911 and all the loot the government pumped into the system to prevent any precieved collapse.

This under years of de-regulated and weak SEC lead to the miss categorisation of all those dodgy loans into the AAA super safe category.

A few years down the line here we are....


I doubt Ossama thought it through enough exactly like that, but it could be argued he in effect stampeded those in power to cause a collapse.

[vryhpyammoadded]

It’s amazing how all this came about back in the nineties from the tiny seed of a few minority community organizers cooking up false statistics to leverage white guilt and get DC to cough up regulations forcing risky home loans to be approved.

Talk about your butterfly effect.

[Mastermind]

And what is more amazing is, the dumb bunnys are about to elect one of the organizers to the highest postion in the land...Hahahah...I find it hilarious and stupifying at the same time.