Hoofy & Boo: CEO's Get Millions in Severance Pay, Business Collapses

http://www.minyanville.com The recent collapse of some of the most venerable names on Wall Street has wreaked havoc on shareholders. On CEO's....not so much.
Hoofy and Boo discuss how Lehman Brothers and AIG's collapses have led to CEO's getting millions in severance pay, while Wall Street remains in havoc. Stan O'Neal walked away with $161 Million after cutting the cojones off Merrill Lynch. Chuck Prince flushed Citigroup shares and pocketed an exit package worth $68 million which including a car, a driver, and a cash bonus worth $10 million. Dan Mudd and Richard Syron stood to gain over $20 million after Fannie Mae and Freddie Mac went bust, but were denied it. They review Countrywide's Angelo Mozilo, Wachovia's Ken Thompson, and 1987's Ishtar as being flops.

Category:

Comedy

Tags:

• money
• Hoofy
• Boo
• Business
• Humor
• Minyanville
• Lehman Brothers
• AIG
• Wall Street
• Stan O'Neal
• Merrill Lynch
• Chuck Prince
• Citigroup
• Dan Mudd
• Richard Syron
• Fannie Mae
• Freddie Mac
• Countrywide
• Angelo Mozilo
• Wachovia
• Ken Thompson
• Ishtar