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."
What I’ve been reading
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1. Constance Reid, Hilbert. We should all be reading more mathematics
these days, right? Because the field is “on fire.” Hilbert is not a bad
place to...
13 hours ago
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