Need a Job? $17,000 an Hour. No Success Required

[jeffrey]

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/opinion/18kristof.html?_r=1&ref=opinion&oref=slogin

[pfblueprint]

At least the Freddie Mac and Fannie Mae chiefs didn't get their golden parachutes...

[tripods68]

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.