Monday, September 22, 2008

Richard Fuld

Richard Fuld, Destroyer of 158 Year Old Financial Instition, Lehman Brothers

$17,000 an Hour to destroy a company. Bravo, dumb-a**!

2008-09-17: $17,000 an Hour. No Success Required
Are you capable of taking a perfectly good 158-year-old company and turning it into dust? If so, then you may not be earning up to your full potential.

You should be raking it in like Richard Fuld, the longtime chief of Lehman Brothers. He took home nearly half-a-billion dollars in total compensation between 1993 and 2007.

Last year, Mr. Fuld earned about $45 million, according to the calculations of Equilar, an executive pay research company. That amounts to roughly $17,000 an hour to obliterate a firm.

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