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."
Mandated Board Diversity Reduces Firm Value
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Jon Klick finds that when courts in CA surprisingly invalidated a set of
DEI laws, the market value of firms subject to those laws increased:
California ...
1 hour ago
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