[af_vet_rr]

Good thing that Bear Stearns' Chairman, James Cayne, spent two weeks on vacation at a bridge tournament last summer while the bank was losing billions on subprime loan bets.

James Cayne - yearly salary/benefits: $38 million
Alan Schwarz (CEO) - yearly salary/benefits - $36 million
Sam Molinaro (CFO) - $26 million
Alan Greenberg (Chief Executive) - $20 million

There should be conditions attached when taxpayer money helps bail out companies...like a radical reduction in salaries/benefits for the executives, for starters...

[wideawake]

Those salary/benefit packages are generally in the form of $250,000 cash in salary/$25,000,000 stock options in bonus.

Those stock options are now mostly worthless. So, of the $120MM in compensation you listed, the market has already extracted about $115MM in value without any regulatory intervention.