During his tenure as CEO [of Lehman], Fuld made $490 million (before taxes) cashing in stock options and stock he received as compensation. A lot of employees, whose wealth was tied to the company's stock, were financially eviscerated when Lehman bombed. But Fuld is unlikely to show up applying for food stamps.
...As Treasury Secretary (and former Goldman Sachs chief executive) Paulson recently said, "Raw capitalism is dead."
Grimsby, Bureaucracy, and Brave New World
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“Left Behind in Grimsby.” Simon Cross narrates the tensions he experienced
ministering in a neighborhood where he wasn’t stuck: “There’s a feeling of
inade...
5 hours ago
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