LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.   Support Truthdig - Help us give you more
 
July 4, 2009
Log in / Register

 Choose a size
Text Size

Most Read

The Age of Paine

Designer Vaginas: Is Female Circumcision Coming Out of the Closet?

Palin Will Step Down as Alaska's Governor

Racial Row in Freemasonry

I Am Robama, and I Come in Peace

Most Comments
Most Emailed

Reports
The Age of Paine
A Doctor in the House
The Battle Over the Burqa

Ear to the Ground

A/V Booth

Arts & Culture
Mark A. Fischer on Joe Torre

Digs
Financial Meltdown 101
Vetting Sarah Palin

Truthdig Bazaar
Messiah book cover

Messiah

by Gore Vidal
Fine, Collector's Copy $250 NOW $100

more items

 
Ear to the Ground

Just How Fat Are Wall Street’s Fat Cats?

Email this item Email    Print this item Print   
Posted on Oct 7, 2008
money bags
0-60mag.com

Sure, we’ve all heard the stories about Wall Street bigwigs lining their pockets with gold dubloons while the rest of us scramble to save pennies, but The New York Times has drawn out that contrast in graphic detail with a handy series of charts showing the total earnings (including bonuses) of 12 top executives from 2003-2007.


The New York Times:

As recently as June 2008, Mr. Fuld said he was confident that Lehman was sound even as the bank posted a second-quarter loss of $2.8 billion. But on Sept. 15, Lehman filed for bankruptcy and began sliding toward an eventual liquidation.

Read more

Jump to Comments

Advertisement


Elsewhere: .

Comments

Are you a Truthdig member yet? Login now, or register with Truthdig.

By another loose cannon to you, October 14, 2008 at 9:59 pm #

There is a free bumpersticker which says “NO BANKER LEFT BEHIND” available at/from: http://www.bumperhumpers.com/nobanker.html

Report this

By troublesum, October 7, 2008 at 3:07 pm #

The only country these people recognize is wall street and the world of finance capitalism.  The US means nothing to them, it just happens to be where most of them reside.  There is no such thing as a nation-state in the global economy.  A country is something quaint that little people believe in.

Report this

By Opening Eyes, October 7, 2008 at 2:37 pm #

Right On, Big B.  You’ve nailed it: Republican sanctioned criminal action in the name of a “FREE” economy has got to be seen for what it is and be “put to death.”  WE have to stand up to it and tell our representatives in Congress to go after these criminals if the Congressional leaders want our vote.  If there’s enough of that, maybe the single drops on the head will turn into a message that it’s raining, and we all need to take cover.  We need rules that mean something and are enforced.  I sure hope that isn’t countered with a response that it’s wishful thinking.  We need a strong chorus to overcome the resistance we’ll find to these ideas.  But it does weaken us.  What better example of that then the mess we are now in.

Report this

By Big B, October 7, 2008 at 8:48 am #

We have once again taken our eyes off the ball. The executive compensation issue is nothing compared to the real problem, which is that the actions of these selfish idiots have, in many ways, caused irreprable damage to the US.
Aldredge Ames did less damage to the nation, and he was tried for treason.
Major corporations wanted and recieved the rights of being a regular US citizen. It is now time to hold their feet to fire. If you run your company in a manner that is damaging to the US economy, thus weakening the US as a whole, you should be tried for treason.
Imagine how much more responsible a CEO and board of directors would be if they saw the image of one of their colleagues strapped to the electric chair.
But this will never happen, of course, for corps enjoy all the rights of citizenship, without any of the reponsibilities.

Report this

By thebeerdoctor, October 7, 2008 at 6:21 am #

“Everybody knows the fight is fixed,
The poor stay poor, the rich get rich,
That’s how it goes, and everybody knows”
Leonard Cohen

Report this

By troublesum, October 7, 2008 at 6:11 am #

Correction:  The $250 million was not severence pay, but total compensation while at the company.

Report this

By troublesum, October 7, 2008 at 5:56 am #

At yesterday’s hearing on the failure of Lehman Brothers, Henry Waxman asked the CEO if he thought it was fair that he got a $500 million severence package.  He responded, “I didn’t get $500 million, I only got $250 million.”  Barely enough to make it through the winter I’d say.

Report this

Add Your Comment

Posts by unregistered readers are moderated. Posts by members
are published immediately. Why wait? Register today!





Notify you when others comment on this article?


Are you a human?
Retype the word you see here.


Please read and abide by our comment policy.
By submitting this comment, you agree to this site's terms and conditions.

 
Click here to learn more about Truthdig
 

 
Join the Liberal Blog Advertising Network
 
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
Copyright © 2009 Truthdig, L.L.C. All rights reserved.