From the years 1993 to 2007, he is reported to have received nearly half a billion dollars in total compensation
and my favorite part:
On November 10, 2008 Fuld sold his Florida mansion to his wife Kathleen for $100; this may protect the house from potential legal actions against him. They had bought it only 4 years earlier for $13.56 million.
Posted 3/13/2010 10:46 pm
i always wondered why you couldn't protect your assets by selling them for nothing. is that legal? has the government intruded so far that you cannot self determine the market value of a house?
Posted 3/13/2010 10:57 pm
In 2006, Fuld was named #1 CEO in the Brokers & Asset Managers category, by Institutional Investor magazine.[22] In 2007 he received a $22 million bonus.[23]
Fuld at one time served on the board of directors of the Federal Reserve Bank of New York, a position he ceased holding shortly before the bankruptcy of Lehman Brothers. He is a member of the International Business Council of the World Economic Forum and the Business Council. He also serves on the Board of Trustees of Middlebury College and New York-Presbyterian Hospital. As well he was on the board of directors of the Robin Hood Foundation but was removed from the Board following the Lehman Brothers bankruptcy.[24]
In December 2008, Fuld was given the "Lex Overpaid CEO" and "thief" award of the Financial Times for having received $34m in 2007 and $40.5m in 2006, the last two years before his bank's failure.[25]
CNBC named Fuld at the top of its list of "Worst American CEOs of All Time", stating he is "belligerent and unrepentant".[26]
but, but, but we have to pay these huge salaries to attract the top talent.
AND that's not what this topic is all about, this is about how rich people keep all their money while you and i get the big red white and blue dildo up the ass on a daily basis.
Posted 3/13/2010 11:02 pm
Not one fucking thing will happen to Dick Fuld. Same thing with Kerry Killinger. The elite are exempt from all rules and laws. But if you, the common man, drive with a cell phone or jaywalk you're going to get fined and fucked with until you pay up.
That's whats going to set off a revolution in this country. Different people are subject to a different sets of rules. Or maybe I should say one group (the elite) is above the law while the rest of us are terrorized by it.
Posted 3/13/2010 11:15 pm
I used to work for a billionaire and he sold all his stock at $30 dollars before it crashed to $5 and finally went bankrupt. Fucking incredible. What he did was give most of the money on the sales to his kids and wife.
Posted 3/14/2010 10:42 am
Thou shalt not transfer assets in anticipacion of bankruptcy - Judges can get really pissed off and judges can do what judges want to do.
