Make no mistake...these guys got paid...
Henry Paulson actually said he was resistant to calls for restrictions on executive pay, saying it would "slow acceptance of the bail out". Here's a little something for you to chew on...
Lehman Brothers-chairman and CEO Richard Fuld Jr. made $34 million in 2007.
Goldman Sachs-paid chairman and CEO Lloyd Blankfein $70 million last year. Co-Chief Operating Officers Gary Cohn and Jon Winkereid made $72.5 million and $71 million.
Morgan Stanley-chairman John Mack earned $1.6 million. Chief Financial Officer Colin Kelleher got $21 million.
Merrill Lynch-CEO John Thain was paid $17 million in salary, bonuses and stock options.
JP Morgan Chase & Co.-chairman and CEO James Dimon earned $28 million in 2007. Chase bought Bear Stearns in a fire sale earlier this year with Washington promising to take on up to $30 billion in assets to get the deal done.
Fannie Mae-CEO Daniel Mudd made $11.6 million in 2007. His counterpart at Freddie Mac, Richard Syron, brought in $18 million.
Washington Mutual will pay its new CEO Alan Fishman a salary and incentive package worth more than $20 million through 2009 for taking the helm of the battered bank, according to the Puget Sound Business Journal.
Now how do you feel about writing a check for $2500 to bail 'em out?
You can find more info at National Post