It's time for some answers from the 'haves'!

[Q]

Posted: 10/7/08 at 1:32am

I want to see much more of this kind of inquiry! Of course, I'd like it to actually LEAD to something, but that might be asking a bit too much . . .

"A pugnacious congressman with a bald head and military moustache, Waxman warmed to his theme: "You made all this money taking risks with other people's money."

Refusing to give ground, Fuld said his pay had been set by an independent compensation committee which spent "a tremendous amount of time" making sure executives' interests were aligned with those of shareholders.

"When the company did well, we did well," Fuld said. "When the company did not do well, we didn't do well."

Waxman disagreed: "Mr Fuld, there seems to be a breakdown, because you did very well when the company was doing well and you did well when the company was not doing well. And now your shareholders who owned your company have nothing. They've been wiped out."

Full article.

[LePetiteFromage]

Posted: 10/7/08 at 1:55am

Updated On: 1/12/09 at 01:55 AM

[Q]

Posted: 10/7/08 at 2:11am

Oh, Fromage - and I thought I was the dreamer