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Monday, October 06, 2008

Using a Bailout to Take Millions and More

Lehman board recommended $20 million in executive ‘special payments’ while filing for bailout because they knew they'd messed things up so badly that a few more million wouldn't make a bit of difference.

My recommendation and hope is that they are made into grim and long prison term cautionary tales of these types of craven corporate raiders and the punishment for such wanton greed. Massive payouts to executives while companies crater is just plain flippin' wrong.

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