Notes from Howard's Sabbatical from Working. The name comes from a 1998 lunch conversation. Someone asked if everything man knew was on the web. I answered "no" and off the top of my head said "Fidel Castro's favorite color". About every 6-12 months I've searched for this. It doesn't show up in the first 50 Google results (this blog is finally first for that search), AskJeeves says it's: red.
Friday, September 26, 2008
Here's what CEOs made before the meltdown
The Boston Business Journal reports Here's what CEOs made before the meltdown. That is the ones at Lehman Brothers, Goldman Sachs, AIG, Morgan Stanley, Merrill Lynch, Fannie Mae, Washington Mutual, etc.
Nice. The article mentioned that Martin Sullivan was ousted as CEO of AIG in June '08, but neglects to say how much they paid him to go away. He made more getting fired in June for screwing the company into the ground than he made in 2007. From portfolio.com: A.I.G. paid Sullivan $15 million in severance pay and a $4 million bonus. It also accelerated the vesting of long-term stock and cash incentives worth another $28 million.
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Nice. The article mentioned that Martin Sullivan was ousted as CEO of AIG in June '08, but neglects to say how much they paid him to go away. He made more getting fired in June for screwing the company into the ground than he made in 2007. From portfolio.com: A.I.G. paid Sullivan $15 million in severance pay and a $4 million bonus. It also accelerated the vesting of long-term stock and cash incentives worth another $28 million.
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