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Oct 07 2008 7:50pm EDT
Piñatas in Pinstripes
Congress wasn't alone in beating up on Wall Street bigwigs yesterday. From Jay Leno on the Tonight Show last night:
"Richard Fuld, the former C.E.O. of Lehman Brothers, grilled by Congress today. And they ... made him explain why he took $480 million in compensation when he knew some shareholders would lose their life savings. Yeah. Turns out, he had a good reason. Apparently, he is a greedy bastard."
Ouch!
Source: Frontrunner
Also on Portfolio.com:
- In Defense of Mark-to-Market Accounting
- The Duplicitous Sheila Bair
- Capital Index: Buy Bernanke, Sell Iceland
- Credit Crunched: A Special Report on Wall Street Chaos
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