List of Chief Executives – Walk Away Money

”…list of chief executives who oversaw monumental failures…led the nation’s financial system to the edge…still able to walk away with big payouts…”
Stanley O’Neal, Merrill Lynch
Angelo R. Mozilo, Countrywide Financial
Richard Fuld, Lehman Bros.
James Cayne, Bear Stearns
Richard Syron, Freddie Mac – Syron, an economist, joined Freddie Mac in 2003 after it was revealed the company had manipulated earnings to the tune of $5 billion…
Daniel Mudd, Fannie Mae
Kennedy Thompson, Wachovia
Kerry Killinger, Washington Mutual
Martin Sullivan, AIG – Sullivan left the firm after AIG wrote down $20 billion in losses because of the company’s exposure to subprime mortgages.
**In a rare twist, Sullivan’s temporary successor Robert Willumstad took a pass on the $22 million he was promised in his contract.

Leave a comment

No comments yet.

Comments RSS TrackBack Identifier URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s