"Philanthropist: a rich old gentleman who has trained himself to grin while his conscience is picking his pocket." - Ambrose Bierce
logo

Go Back   Saving Advice > Financial Chit Chat > Personal Finance News, Articles & Blog Posts

Personal Finance News, Articles & Blog Posts Come across personal finance news, articles or blog posts that you really liked and want to share? Place them here.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 09-18-2008, 05:04 AM
jeffrey's Avatar
jeffrey jeffrey is offline
Administrator
 
Join Date: Apr 2004
Posts: 5,000
Last Blog Entry: Forum Posting Issues - Access Denied
Points: 380270.80
Donate
Default Need a Job? $17,000 an Hour. No Success Required

Are you capable of taking a perfectly good 158-year-old company and turning it into dust? If so, then you may not be earning up to your full potential.

You should be raking it in like Richard Fuld, the longtime chief of Lehman Brothers. He took home nearly half-a-billion dollars in total compensation between 1993 and 2007.

Last year, Mr. Fuld earned about $45 million, according to the calculations of Equilar, an executive pay research company. That amounts to roughly $17,000 an hour to obliterate a firm. If you’re willing to drive a company into the ground for less, apply by calling Lehman Brothers at (212) 526-7000...


http://www.nytimes.com/2008/09/18/op...on&oref=slogin
Reply With Quote
  #2 (permalink)  
Old 09-18-2008, 06:53 AM
pfblueprint pfblueprint is offline
$ Saving Fourth Grader
 
Join Date: Sep 2008
Posts: 30
Points: 210.00
Donate
Default

At least the Freddie Mac and Fannie Mae chiefs didn't get their golden parachutes...
Reply With Quote
  #3 (permalink)  
Old 09-18-2008, 09:52 AM
tripods68 tripods68 is offline
$ Saving College Junior
 
Join Date: Dec 2007
Posts: 1,245
Last Blog Entry: Wife just got promoted
Points: 6770.00
Donate
Default

I'm amuzed by this article. At the same, so sad that Lehman Brother's employees loss it all. I know, cuz I use to communicate with many of their on their Municipality Bond Unit on a weekly basis. Some of them died when the Tower collaped. This whole Lehman Brother is just so sad.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off



Powered by vBulletin®
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.

Copyright © 2012 SavingAdvice.com. All Rights Reserved.