Wall Street Santa Hank Paulson's new elf is named Kashkari. I swear you can't make this stuff up!
In the seven years it took Lehman Brothers CEO Richard Fuld to run the venerable investment house aground he was paid $350 million. Does Dick think perhaps he was overpaid? Nah, Lehman's compensation committee, according to Fuld, spent " a tremendous amount of time" insuring his pay rate struck a fine balance between his needs and those of the shareholders. Let's see Dick $350m; shareholders and creditors $0. Yeah that's about right. Before a house sub-committee Fuld was remorseful accepting full responsibility for the firm's failure. He didn't offer to return the money. I guess being sorry is enough responsibility for any CEO to bear. I'm sure in the long run Dick will be all right.