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."
They are solving for the (electoral) equilibrium
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Social Security also got quietly more generous during this period. Each
year, the Social Security Administration compares the C.P.I.-W (the
Consumer Pric...
10 hours ago
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