Biggest CEO Losers are Winners
Even when their companies go belly up, Wall Street’s former kings won’t have to count on their unemployment checks.
The Wall Street Journal (we only read it for the articles), has a wonderfully infuriating list of CEOs of failed or failing giants who have made out, quite literally in some cases, like bandits while their investors have been left holding the bag.
Some of the highlights:
Angelo R. Mozilo, former CEO of the former mortgage giant Countrywide Financial pocketed $470 million. Richard S. Fuld Jr., ex-honcho of the ex-Lehman Brothers walked away with $184 million and change in compensation. James E. Cayne, ex-head of Bear Stearns, only got a whisker over $163 million. The list goes on, but it’s too depressing to detail here.