Still chewing...

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

31 comments

  1. I feel a little ticked that I was having anxiety yesterday about buying the cheese that wasn't on sale. I could buy a lot of not-on-sale cheese for $34 million.

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  2. Missed one:
    Henry M Paulson Jr
    Total Compensation
    $16.40 mil (#81)

    5-Year Compensation Total
    $46.74 mil

    Henry M Paulson Jr has been CEO of Goldman Sachs Group (GS) for 8 years. Mr. Paulson Jr has been with the company for 15 years .The 60 year old executive ranks 12 within Diversified Financials

    Source: Forbes
    http://www.forbes.com/lists/2006/12/VY36.html

    And what is his salary for US Treasury?..He should be paying us.

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  3. Up to my ears...Oh snap! Good stat!

    How the heck did I miss that one? Just when I thought this couldn't whip me up any more...

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  4. Fwiw, my understanding is Henry Paulson as former CEO of Goldman Sachs...owns some 4.58 million shares in Goldman Sachs (including restricted stock) worth about $700 million at today's price.

    Why am I thinking his check should be cut for more then $2500?

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  5. Oh my freakin' god.

    this is ridiculous.

    thank you for this extremely informative post.

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  6. Just to clarify on the $2,500.
    That is the amount that everyone in the U.S. will have to pay to make this bail out work.
    If you have a family of four, the total bill for your family is $10,000.

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  7. I think I feel a little sick inside.

    I found a penny on the ground the other day . . . they can have that and not a lick more . . . *acting like she has a choice*

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  8. anglophilefootballfanatic.comSeptember 25, 2008 at 12:48 PM

    Yes. I saw that (at least about the Merrill CEO) and thought it was a travesty when how many thousands of people will be getting pink slips to cover their millions? The Enron guy? Built a house about two blocks from my parents. It's up for sale & has been for two years. Who wants a not-totally-finished house that has 21000 sq feet?

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  9. What would be the problem with them not accepting the bailout? I'm confused, they actually have demands on how we hand them money? Shouldn't it be here, this our hand, take it or fall to your death?

    The ones that are paid with stock options, don't forget that for some, those options are now essentially worthless. 1 million shares at .10 a share is cool and all, but no one will buy them.

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  10. Seems like John Mack should be super pissed. Only $1.6 million? Poor guy.

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  11. That.is.sick.

    I mean really. Who really NEEDS $70 million?

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  12. To think that these people would weep themselves silly if they tried to do as much work as an average mother.

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  13. I just nearly lost my lunch. I've heard all of this, but seeing it in black and white just makes me want to SCREAM!

    Seriously, how do these guys sleep at night?

    ~melody~

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  14. I know, totally disgusting!

    I really hope they don't screw this deal up as badly as they usually do, since the feds could make money in the long run and thus not raise our taxes. Big if though. About as big an if would be not doing the deal. Could be ok, could be total tanking of the market. Such a gamble.

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  15. Freaking assholes. Seriously. How is it that I'm declaring bankruptcy, and those jerks could bail me out of it for about 1 day's salary? Who NEEDS that much money? Seriously? If I had ONE million dollars, I'd give most of it away. Let alone $34 million. Grrr....

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  16. It sickens me! Exactly hom many zeroes are in 700 billion?

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  17. So frustrating. While everyone is doing their best to make ends meet these jerks are skimming off the top and running their business into the ground. ridiculous.

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  18. What's John Mack - chopped liver?

    Yeah - it's sick making. Really.

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  19. Exactly! This is exactly what I meant in my comment on your last post! Grrrr!

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  20. It all makes me sick! I am sure they are very qualified individuals. But... that is some serious cash! Hope they are investing it in our economy by spending lots of it. How would it be?

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  21. (I'm on a mission to run for President) ERRRR this makes me scream.. honestly this is no better then ROBBERY!!!!!

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  22. up to my ears got my comment--I'm glad it's out there.

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  23. As Chris Rock so elegantly put it on Larry King, do you feel comfortable with a candidate that has ONE house to lose or with a candidate that could lose Six of his houses and still have Six left!!!

    America makes me so sad these days. So sad.

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  24. i am going to go with Thumper's rule here... I've got nothing nice to say! ugh.

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  25. I'm not feeling too good about it!

    But... on the bright side... I have a tag and an award for you on my blog.

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  26. This whole thing really really pisses me off. It was pure greed that got these companies where they are and they should require these CEOs to give back some of the money they earned this has happened on their watch

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  27. I am so upset over this. Seriously. What is the right thing to do here?

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  28. This makes me very angry. Due to a scheduling snafu my husband didn't get his paycheck last week. I had to take all the spare change in the house and my car to the bank to help make our mortgage payment which is pocket change to these people. It makes me sick.

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