What the Poor CEO'S make on our Misery

[Teresa]

See How Much These Big-Name CEOs Took Home Each Year
By ZUNAIRA ZAKI
ABC NEWS Business Unit
—


As Washington lawmakers debate as massive, $700 billion, bailout for Wall Street firms that invested in mortgages, CEOs have come under new scrutiny for their multi-million-dollar salaries, even when their companies have suffered.

The bailout plan is likely to have limits on the so-called "Golden Parachutes" for executives forced to leave.

ABC News, in collaboration with James F. Reda and Associates, complied a list of some of the companies in the headlines today and looked at just how much money some of these CEOs are taking home.


CEO Cash Salary Stock, Other Pay Total Pay

Lehman Brothers


2007 Richard Fuld... $5,000,000 $66,770,000 $71,770,000
2006 Richard Fuld ...$7,000,000 $55,323,679 $62,323,679
2005 Richard Fuld ...$14,500,000 $89,500,000 $104,000,000
2004 Richard Fuld ...$11,000,000 $24,300,000 $35,300,000


Morgan Stanley


2007 John Mack... $800,000 $16,431,500 $17,231,500
2006 John Mack... $800,000 $6,321,000 $7,121,000
2005 John Mack... $337,534 $30,000,000 $30,337,534



Goldman Sachs



2007 Lloyd Blankfein... $27,600,000 $15,500,000 $43,100,000
2006 Lloyd Blankfein... $27,800,000 $15,700,000 $43,500,000
2006 Henry Paulson... $129,087,000 $34,900,000 $163,987,000
2005 Henry Paulson... $600,000 $3,363,422 $3,963,422
2004 Henry Paulson... $600,000 $11,660,000 $12,260,000


Bear Stearns


2006 James Cayne... $17,300,000 $14,800,000 $32,100,000
2005 James Cayne... $12,900,000 $10,300,000 $23,200,000
2004 James Cayne ...$10,200,000 $9,500,000 $19,700,000


Merrill Lynch


2007 John Thain ...$15,800,000 $0 $15,800,000
2007 E. Stanley O'Neal ...$584,000 $161,000,000 $161,584,000
2006 E. Stanley O'Neal... $19,200,000 $45,116,327 $64,316,327
2005 E. Stanley O'Neal ...$14,800,000 $3,120,000 $17,920,000
2004 E. Stanley O'Neal ...$700,000 $16,766,448 $17,466,448


Washington Mutual


2007 Kerry K. Killinger ...$1,000,000 $3,468,625 $4,468,625
2006 Kerry K. Killinger ...$5,100,000 $17,153,715 $22,253,715
2005 Kerry K. Killinger ...$4,600,000 $8,876,608 $13,476,608
2004 Kerry K. Killinger ...$2,900,000 $12,335,416 $15,235,416


AIG


2007 Martin J. Sullivan... $10,200,000 $5,647,439 $15,847,439
2006 Martin J. Sullivan ...$16,900,000 $5,838,656 $22,738,656
2005 Martin J. Sullivan ...$7,750,000 $159,000 $7,909,000
2004 M.R. "Hank" Greenberg.... $1,400,000 $12,002,880 $13,402,880


Fannie Mae

2007 Daniel Mudd... $3,200,000 $5,200,000 $8,400,000
2006 Daniel Mudd ...$4,400,000 $2,290,000 $6,690,000


Freddie Mac


2007 Richard Syron ...$5,590,000 $0 $5,590,000
2006 Richard Syron ...$5,150,000 $0 $5,150,000


Copyright © 2008 ABC News Internet Ventures

http://www.abcnews.go.com/Business/Economy/story?id=5876413





Funny how they went back to 2004 and 2005 on everyone but Freddie and Fannie.

Could it be because the campaign manager for Ummm - Uhhhhh was there then?  Do you think the MSM might be trying to hide that? 

[pam]

Poor fellers........how are they EVER gonna get by? Maybe if I have an extra ten bucks this payday I can help em out

[Warph]

U.S. cuts wires on Fannie, Freddie 'golden parachutes'
By ALAN ZIBELƒp | Associated Press
10:13 AM CDT, September 15, 2008
WASHINGTON - The federal government will NOT pay the ousted chief executives of mortgage finance companies Fannie Mae and Freddie Mac up to $24 million in exit packages.

The Federal Housing Finance Agency notified former Fannie Mae CEO Daniel Mudd (who is Roger Mudd's son of CBS News fame, btw)and former Freddie Mac CEO Richard Syron that such "golden parachute" payments will not be paid. The housing agency, which took control over the companies this month, made the announcement on Sunday.

"It would have been unconscionable to award these inflated salaries, particularly when the leadership of Fannie and Freddie can hardly be given good grades," Sen. Charles Schumer, D-N.Y., said in a statement.

Mudd had been due to receive up to $8.4 million in compensation, while Syron was due to receive up to $15.5 million, according to calculations by David Schmidt, a senior consultant at executive compensation consulting firm James F. Reda & Associates.

Representatives of both Syron and Mudd declined to comment Monday morning. Mudd received $12.2 million in compensation in 2007, and Syron was paid $19.8 million.

Herbert Allison was named the new chief executive of Fannie, and David Moffett the new CEO of Freddie as part of the government's bailout of the two huge mortgage financing agencies. Fannie and Freddie own or guarantee about $5 trillion of the nation's outstanding mortgages, roughly half the nation's total.

James Lockhart, the housing agency's director has said that compensation for the new executives will be "significantly lower than the outgoing CEOs."

http://www.chicagotribune.com/business/ap-fannie-freddie-ceo-packages-sep15,0,3845106.story

[frawin]

WARPH I have been having some friends read your post and we think we know who you are. In fact the conclusion is unamimous.

[Warph]

WARPH I have been having some friends read your post and we think we know who you are. In fact the conclusion is unamimous.

Yes??? .... and what have y'all come up with?  I would really like to know myself.

[frawin]

The Ghost of President Ronald Reagan, I think what is happening is more than he could stand. I could see him saying and posting much of what you do.

[Warph]

For 2007, former head of Freddie Mac, Richard Syron received a $1.2 million salary, a $3.45 million bonus, including $1.25 million to remain at the company, and $771,585 in other compensation.  He also received stock and options valued by the company at $14.3 million at the time they were awarded.  The company last year picked up the tab for Syron's financial planning expenses, car and driver for commuting, home security system, business-related dining and travel costs for his wife and $100,000 in legal fees from negotiating his employment contract.  Syron also received $898,444 from dividends on restricted stock and options he holds.  Quite a guy, huh?

[Warph]

Well thank you, Frank.... I will admit that he's my hero. 
God knows, the republican party needs more men that think like Ronald.
So many of them today remind me of a bunch of girly men running around,
worried more about themselves and re-election then their constituent who voted
them into office.  I do believe Reagan would approve of that statement.