Washington Mutual CEO made 18 million for 3 weeks on the job

$18 million for 3 weeks on the job. Seven million sign on bonus and eleven million severence pay. That's obscene. No wonder the average American home loser is furious.

Edited by calmcookie, 27 September 2008 - 08:57 AM.

CEO compensation packages are the modern day Bonnie & Clyde sans the guns.

$18 million for 3 weeks on the job. Seven million sign on bonus and eleven million severence pay. That's obscene. No wonder the average American home loser is furious.

don't you just love free market capitalism .

ed rader

FWIW:

In 2007, the average S&P 500 CEO's pay package was $10.5 million, 344 times greater than the typical US worker. The top fifty private equity and hedge fund managers pocketed an average of $588 million--19,000 times greater than the typical US worker. Thirty years ago, the average executive salary was just thirty to forty times greater than the average American worker's pay.

I haven't verified the facts or the source but I've heard this repeated several times lately.

I would ask:

What should the top pay be?
Who should decide?
Do you make too much?
Do you make more than other people?
Should they be allowed to set your pay?
Should they be allowed to make things even?
Do you lock your doors?

Edited by Rogerdodger, 27 September 2008 - 03:12 PM.

$18 million for 3 weeks on the job. Seven million sign on bonus and eleven million severence pay. That's obscene. No wonder the average American home loser is furious.

Is that wrong?