Last year Lehman Brothers' CEO made $71 million. Now his company has collapsed.

pbshome Business Desk ^ | 9/17/08 | Paul Solman

[dragnet2]

How much will he make this year?

Question/Comment: Last year Lehman Brothers' CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year?

Paul Solman: I don't know about this year. You've covered last. In 2006, according to Forbes.com, he was the 5th highest-paid CEO in America: "Total Compensation $122.67 mil; 5-Year Compensation Total $375.81 mil."

[dragnet2]

I read where this guy was making about $18,000.00 per hour.

[TheWasteLand]

And to think, everything he did was derivative!

[Nachum]

Wonder which candidate he contributes to...

[princess leah]

I believe that the CEOs need to be held accountable - no money left, then you have no money either - give it back! I’m tired of these greedy b$%^^(* getting their money while the underlings get screwed. CEOs at Enron went to jail and had to sell off their earnings (well, Ken Lay did before he dropped dead of a heart attack)... HOLD them accountable! NO compensation for FAILURE!

[ButThreeLeftsDo]

Yep. Sucks to be us.

[gusopol3]

A-Rod’s making $28 m for a non-playoff team.

[dfwgator]

George Clooney gets paid millions for being in flops.

[dragnet2]

I’ll bet if they would have paid him a little more, he would have done a better job.

[gusopol3]

lots of money gets thrown around on foolish things

[capydick]

According to www.newsmeat.com for 2008:

$32,900 - Republican

$132,250 - Democrat

$43,400- special interest

total: $208,550

It's good website, check it out.

[PapaBear3625]

Why should he care? He's already got his money.

There is a built-in incentive for CEOs to focus on the short-term, making the numbers for this quarter so he can get his bonus and options. If he has a few good years he makes money. If the company collapses, he is not required to give any money back.

[babyfreep]

I don't know how valid this site is, but Newsmeat says...

Richard Fuld , 62 (bio)
Lehman Brothers - Chairman, CEO 1994-present

Election Picks: 37 wins, 27 losses

$32,900 Republican
$132,250 Democrat
$43,400 special interest
total: $208,550

[steveo]

Many people get paid big bucks to be good. Me? I’m good for nothing!

[babyfreep]

dang - seconds - (I spent time formatting for html).

[dragnet2]

A-Rod’s making $28 m for a non-playoff team.

Yes, yes...But does he lose every game, and burn down the stadium after robbing all the spectators?

[TheWasteLand]

Speaking for myself, I phone it in unless they pay me $72 M.

[MediaMole]

http://www.opensecrets.org/indivs/donor_lookup.php?name=fuld

FULD, RICHARD
NEW YORK,NY 10285 LEHMAN BROTHERS/MANAGING DIRECTOR 4/9/07 $10,000 Democratic Senatorial Campaign Cmte (D)

FULD, RICHARD
NEW YORK,NY 10019 LEHMAN BROTHERS/CHAIRMAN AND CEO 1/28/08 $2,000 Reed, Jack (D)

FULD, RICHARD S
GREENWICH,CT 06831 LEHMAN BROTHERS/CHAIRMAN AND CEO 5/29/07 $2,300 Clinton, Hillary (D)

FULD, RICHARD S JR
GREENWICH,CT 06831 LEHMAN BROTHERS/CHAIRMAN AND CEO 10/19/07 $2,300 Clinton, Hillary (D)

FULD, RICHARD S JR
GREENWICH,CT 06831 LEHMAN BROTHERS/FIANCE 5/30/07 $2,300 Obama, Barack (D)

FULD, RICHARD S MR JR
GREENWICH,CT 06831 10/22/07 $10,000 National Republican Senatorial Cmte (R)

FULD, RICHARD S MR JR
NEW YORK,NY 10019 LEHMAN BROTHERS HOLDINGS INC./CHAIR 3/27/07 $5,000 Securities Industry & Financial Mkt Assn

FULD, RICHARD S MR JR
NEW YORK,NY 10019 LEHMAN BROTHERS HOLDINGS INC./CHAIR 5/7/08 $5,000 Securities Industry & Financial Mkt Assn

FULD, RICHARD S MR JR
GREENWICH,CT 06831 LEHMAN BROTHERS/CEO 3/31/07 $2,300 Dodd, Christopher J (D)

FULD, RICHARD S MR JR
GREENWICH,CT 06831 LEHMAN BROTHERS/CEO 3/31/07 $2,300 Dodd, Christopher J (D)

[VOA]

Last year Lehman Brothers' CEO made $71 million. Now his company has collapsed.

And not even playing in the NFL, NBA or MLB.

If he wasn't doing that work, it's a slam-dunk he needs to be
doing a perp-walk.
Along with plenty of his buddies and his punks.

(Realistically, I'm not a socialist. But this weeks events does
indicate a REAL commission/investigation must be done to stop
this Bravo Sierra from happening again.
Some of the ringleaders need to be at least publically shamed,
and sent to jail if they actually committed crimes.)

[Truthsearcher]

Since there was no government bailout, it didn’t hurt any one who wasn’t a shareholder. And if you were a shareholder, then it was your job to hold the CEO accountable, if you didn’t, then too bad you lost your money.

[gusopol3]

if they’d paid the guy less, would the outcome have improved?