Lehman CEO defends his $500M bonuses that he got from his Bankrupt Company

[baghali222]

total asswipe

[MuayThaiViking]

that reporter is so hot i didnt even pay attention to the video. is it about something serious?

[4JayeP]

With that kinda money, no doubt he got the highest quality bitches and ho's.

[MrBigEnchilada]

i dont think people get how hard it is to get tens of billions of dollars nearly free. It is much easier to "get grilled" in washington dc and then pick up the $20billion than to earn it at aig or morgan stanley in a year, that's just the truth.

[Gonzoidzz]

Jew bastard.

[Gonzoidzz]

This crooked bastard deserves to be hung.

[hahaGGed]

LOL not only is he greedy, but hes a perv too. When he first saw the reporter he had the biggest grin on his face. Then the tough questions came in and he became stoic. FUCK YOU!

[W4rku5]

nothing against him. the goverment is to blame. this is what you get if you deregulate

[epsilona]

@W4rku5 you are absolutely right. 

[mattt1994]

America needs to get really mad about this. I feel like they haven't gotten mad enough. They got SCREWED over so baddd!!!! Common America, get mad!

[universe112]

enough with the politics...she's HOT! I want to see more of Abbie...WOWWW

[GladiatorGT]

If any of you losers could get your hands of $100 million, you would in a heartbeat. The difference between you and this guy is that he was smart enough and determined enough to climb the ladder for 40 years and do it.

[Gichnni]

@GladiatorGT

WORD!

[CarMoves]

@GladiatorGT -- smart enough? he ran lehman into the ground

[KiDFRANKKK]

@GladiatorGT Omg, I didn't know there was a person that thinks like me on youtube. I bow to you

[Gonzoidzz]

@GladiatorGT

Yeah John Gotti was pretty smart as well, maybe you pat him on the back as well you crook loving fuck.

[joimko2]

@GladiatorGT Utterly rubbish, that may apply to you and many people (more and more, that is true), but lots would not. I can guarantee that I would redistribute the vast majority of this wealth because no human is worth that much, it is that simple. Actually the problem is we are in a system that enable people to make that much, the system needs fundamental changes. And I would not use the word smart but rather dirty and lucky (to get away with the former).

[guyNbluejeans]

I hate CEOs because they're taking mind-blowing sums of $ while urinating with contempt on the "regular Joes" that did the hard work to make it all happen.

It's one thing to be a CEO that founded the company, but the fact is that too many of them are sleazebags like this bastard richard fuld. All he did was play dice with money that wasn't his and then gets to walk away with over $400-million!

This ghoul should be made an example of! And he's why I'm all for people protesting Wall Street. ...

[rickcain2320]

This is why I didn't cry over the bankrupty of Lehman.

[Wolfiespeaks]

When are we gonna see one of these crooked bankers behind bars?

[xmuneebx]

Fuck robbing shops and banks ... You should go to top colleges get a degree and steal million of dollars.

[charliepc56]

Legal embezzlement!!

[eluap]

None of these pigs are "hard workers"...they have lawyers for that!

[mijreed]

@hungposon Sure. And personally destroyed his company by over-leveraging it and cost thousands of his employees their jobs and retirement money.

[PIlotrcm]

I had been told that the top 8% of earners in the U.S. actually pay for just over half of all America's income taxes.

I believe that's a testiment to the un-even distrubtion of wealth. The fact that some can make such money not only makes me question our security in this country, (as I can elect my Fed officials and cannot the wealthy elitist) but to how un-regulated much of our ecomony is.

The poor and uneducated don't cause recessions/depressions, that is the elitist's fault.

[Neutrinoghost]

In the year he earned $106,000,000, he was on over $290,000 per day.  That's $201 per minute.

[chrismatic2547]

wat's the similarity between the niggas dealing cracks in Harlem and them niggas in Wall street? greed!!!

[PIlotrcm]

I wish only horrible, horrible things to happen to this man.

...and since the whole notion of hell even existing to me is stupid. I would like to see this guy tortured and then restored medically. A careful torture to maximize the pain and suffering that he should endure. Why kill him, the point is to make him suffer, not die.

[PIlotrcm]

The US has become a aristocracy and a government plutocracy. The unven distribution of wealth is actually killing this country as much of the working class cannot afford to buy shit and continue to lose their jobs to overseas workers with no regulation or min wage.

Capitalism has found a way. But what really disturbs me is that so many rght wing assholes use THAT as the excuse for the problems we face. This notion that by allowing the rich to prosper will thereby make the commoner better= BS!

[mongolkid69]

@PIlotrcm wealth is moving towards more promising countries, like the BRIC nations (brazil india china russia). that's how capitalism works. you think it only applies to wealth in america?? no man..its applies to the world..and there's a lot more to the world than america. USA is over..deal with it.

[Welsh77]

@PIlotrcm it's not BS at all, in fact its true. the rich and poor are not the same people over time, we have a very dynamic mobile system. 58% of the people in the top 1% in 1996 were not still in the top 1% in 2005. there is no aristocracy here, that's laughable. the liberals use wealth statistics that completely ignore mobility, when you track the SAME people over time, the poor's income gains are much larger on percentage terms, and the rich even seen declining incomes.

[Welsh77]

@PIlotrcm it's not BS at all, in fact its true. the rich and poor are not the same people over time, we have a very dynamic mobile system. 58% of the people in the top 1% in 1996 were not still in the top 1% in 2005. there is no aristocracy here, that's laughable. the liberals use wealth statistics that completely ignore mobility, when you track the SAME people over time, the poor's income gains are much larger on percentage terms, and the rich even seen declining incomes.

[Welsh77]

@PIlotrcm letting the rich prosper helps everyone, because it encourages everyone to be rich. punishing the rich doesn't help anybody, it usually just results in lower incomes at all levels. look at FDR's high taxes during the depression, how did that work out? let's tax all income over 25k at 100% he said, and people wonder why the economy was so bad. looking at the same people, the top 1% from 1996 saw their real median income decline, not rise, from 1996-2005. new rich people got to the top!

[PIlotrcm]

@Welsh77

I don't believe those numbers, I would like the link.

In my own opinion, I think that FDR's "New Deal" was what actually allowed us to recover from the Great Depression.

The victims of the great depression were the lower class, the blue-colar labor workers. The New Deal gave us the very securities that so many Americans take for granted such as S.S., min wage, providng us with some basic rights of happiness and civility.

The rich, the white collar elitist, suffered the least.

[Welsh77]

@PIlotrcm i will send you a message with the numbers, from the treasury's 2007 income mobility report. i could talk for a while about FDR, but his policies kept people out of work. you don't triple taxes during a recession and then try to tax some people at 100%, giving them 0 incentive to work. you dont make it illegal to own gold and shut down banks, those don't reinstitute confidence or certainty in the economy. but anyway, you can't argue with the numbers

[Welsh77]

@PIlotrcm also, SS is too good to be true, people are making 100%+ returns on their investments, that aren't legitimate, it's a pyramid scheme that will inevitably steal money from millions of people. There is no way to keep it solvent forever. and the "rich white collar elitist" are simply the children of poor immigrants. look around, that's how this country works, people move up it's what America does the best. we don't have castes here, we don't have classes either. class warfare isn't real

[cordoovab]

@Welsh77 Oh Honey, God bless your heart, as we say here in south. You got everything wrong. That is what they want you to believe. The reality (numbers) is far from that.

[Welsh77]

@cordoovab not at all, google the 2007 treasury income mobility report, the cbo has come to similar conclusions. it said when you tracked the same people, real median incomes declined more the higher up you went, because they were replaced by a largely new group of rich. this shouldn't be hard to believe, as this was the time of the dot com boom where many new entrepreneurs were successful

[skyfox7]

He really does look like a gorilla.

[IcelandUnlimited]

How he licks his upper lip is greed personified..

[avzeolla]

That's capitalism for ya. He took all that money bc he could. Like gordon gekko said: "greed works.. It has marked the upward surge of mankind". It's like leaving the safe open for the crooks.

[JohnANoonan]

My faith can only be restored in the US system when the outrageous criminals who participated in this white collar fraud are finally taken to court, had their money clawed back and returned to the honest investors, and the criminals locked up. So far, not a single criminal has been taken to court. What is going on in the US? Why is there no class action? Where are the good people of the US? Do they exist or have they all disappeared?

[mongolkid69]

@JohnANoonan maybe if you had big money you could try to influence the lawmakers, regulators and prominent businessmen. but you don't, so please sit down and watch your american idol and eat your fatty foods please.

[Welsh77]

@JohnANoonan there is no lawsuit, this guy didn't do anything illegal. he accepted a bonus from the board of directors. if the government would stop giving these corporations money, no one could complain about CEO compensation. employees are the first to get paid when a company becomes insolvent, even before secured creditors. this is why CEOs get paid bonuses when the company goes bankrupt, often times bonuses are written into prior contracts that cannot be breached. he didn't steal anything

[BNCBGreg]

@JohnANoonan Ask any republican- these people are hard workers, thats how they got rich. Hard work. Oh, and they're job creators. So leave them alone. They work hard and create jobs, and all you lazy liberals do is collect unemployment checks because you are too lazy to get a job. You BECHA! Now let's go pray the gay away!

[W4rku5]

@BNCBGreg are you kidding me? i got nothing against who gets rich risking his own money. I got workers who work 11 h a dau 7 dayes a week in the summer (and i speak of hard work, real work) and they will never get rich. it s not about work, its about risking something of his own. those greedy bank bastards don t risk anything, and if they fail they give a shit, because taxpayers are going to make up for theyr failiure. holy shit those assas don t deserve a single dollar.

[acotytamwiesz]

1:20 - 1:32 ROTFL

[latech1116]

Surely we must take up a collection to help this poor man. Once his soul has been seared, he no longer knows right from wrong.

[zachbb]

@Vengeance4Me79

Actually if you knew anything about history, you would know that jews in ancient rome promoted social development and financial investment. The entire development of Europe prior to modern capitalism is based on jewish trade activity, and that modern capitalism actually negativeley affects jewish trade (eastern european migration is evidence of this). But I suppose that you don't learn that in nazi 101.

[x170063]

Was all that money fair? Yeah, for Fuld himself it was really fair, maybe not for the rest of us in the USA, but I guess we're just out of luck.

[konman001]

Everyone was trashing this guy who got away with 500 million dollars, but my question is. . . why isn`t anyone going after the crooks who got way with tens or even hundreds of billions of dollars?

In comparison, the money that this guy made off with is chump change to the money that the real banking crooks got away with - he is nothing but a scapegoat for TV screens.

[TruongTrieu]

That's why i put my money in my pocket.

American people being fuck by this wall street people.

Most American work all their live, wake up one day and find out most of their 401K and invest gone.

[illmagnified]

This guy just looks evil.

[crosbyyacht]

Did this guy go to prison, like Koslowski, Enron execs, Madoff and the others? Or does he get to live in one of his mansions? Just curious.

[timesplitters333]

500 mill dollars!!!!! jesus!

[Spaz0405]

The sad thing is all cooperate are fucking scum... problem is the media is afraid to expose them. this dumb ass just so happened to do it to himself

[HouseNigro]

LEH was trading at 80 a share in 2007...10mil shares X 80 = 800million...he lost his ass.

[mongolkid69]

@HouseNigro he probably sold his shares at a profit right after exercising his yearly stock option lots...well a large portion probably. so he probably didn't lose his ass because he sold his shares gotten from stock options

[terrorbytepresents]

Another dumbass deluded executive who has no sense of the realities of the world. If ever America should bring back lynching its for these MONSTERS. His ugliness is written all over his creepy face. Freedom without responsibility.

[SouthsideBuddy]

Our country has been led by crooks and snakes for 8 years now. Corporate crooks and snakes have had freedoms like never seen before. We haven't seen the last of it. It gets worse.

[yumerican001]

i know that people shouldn't judge on looks, but this guy looks like a fucking snake.

[stoicman31]

the level of greed with these people is terrifying.

[CleverDjembe]

I think he deserves all the money he can get. He looks like a very likable fellow and a warm-hearted father, and I'm sure his salary doesn't quite cover his food expenses, because he has a big family and you know how children eat so much when they're growing up...

[animatopiababy101]

HAHAHAHA

i hope you're not serious

[barbcinque]

The US government enables crooks to steal when they deregulate and use little to no oversight to monitor the behavior of banks and financial institutions.

[eatandtravel]

barb,

The biggest crooks are the elites of America. The next time you see a report on wellfare fraud, just laugh.

[barbcinque]

Well there is an alternative to having a revolution of the violent sort and I think it will hurt these dirtbags alot deeper and for longer and that is to STOP SHOPPING!! These dirtbags would be on their knees if americans would stop using credit to compensate for the miserable wages they pay us. We have all the power if we want it. I cut my credit cards a long time ago and only have a debit card for payments online. STOP SHOPPING until every american has a living wage and healthcare.

[ratboy0069]

Ofcourse these white collar criminals willnot be held accountable by the very system which has enabled them in the first place the USA government. They were being rewarded for what they were told to do;drain and defeat the middle working class..the only way these crooks will ever be held accountable is when and if,we the middleclass revolts and drags them into our streets(Main Streets) and show them how justice was dealt out in the old days..

[toeg1]

Great points ratboy,

One slight modification though. The US government had nothing to do with enabling these crooks to steal us blind. The corporatists are responsible.

[VirgilB01]

My setiments exactly!