"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.
Friday, March 7, 2008
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