Lehman Brothers CEO: I've Done a Terrible Job This Year So I Won't Pay Myself $40 Mil

[min0 lee]

Lehman Brothers CEO: I've Done a Terrible Job This Year So I Won't Pay Myself $40 Million - The Business Sheet



The CEO of Lehman Brothers, Dick Fuld, whose tenure at his firm is hanging by a thread, will attempt to take some responsibility for demolishing shareholders (and keep his job) by not taking a bonus for 2008. If only the damage done will only cost shareholders a year.

 

[lnvanry]

a 40m bonus...what a generous MF

He'll get his regardless...Thats a standard not an act of chivalry IMO.

 

[DOMS]

It's better than 99.9% of all other CEOs.

 

[maniclion]

He's just not going to take a bonus it didn't say how much the bonus was it only says in 2007 he was paid 40mil. He is probably doing it to avoid taxes or save his own ass......