Saturday, October 11, 2008
Monday, October 6, 2008
Dick Fuld's half billion - Bear Stearns
Wow, even I'm impressed. He pulled in almost half a billion dollars over the last 8 years. Not bad, even for government work, which could be the work he ends up doing, although in pinstripes.
Sunday, October 5, 2008
Sunday, September 28, 2008
Ken Lewis' spending spree -
How much has Ken Lewis raked in as he has destroyed billions in shareholder wealth buying poorly run companies at overly inflated prices?
FleetBoston - $47 billion (41% premium paid)
MBNA - $35 billion (31% premium paid)
Countrywide - $4 billion + $2billion in preferred (little premium, but could have been had for less without taking on all the liabilities)
Merrill Lynch - $50 billion (70% premium paid)
Total - $138 billion.
BAC's market cap as of Oct 2008 - $150 billion.
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