Friday, March 7, 2008

Retirement Funds

"Chief executives of three financial companies who received outsize pay packages even as their shareholders lost billions in the spreading credit crisis are scheduled to testify before Congress on Friday

Mr. Mozilo received about $120 million in compensation and proceeds from sales of Countrywide in 2007, while Mr. O’Neal walked away from Merrill Lynch with a $161 million retirement package."

Source: GretchenMorgenson, New York Times

The limo is in the ditch. Take the jet.

No comments: