Wall Street of Shame

Otherwise known as: 2007's List of Executive Failures, 8 Men Who Aided in The Collapse of The Economy, or 8 CEO's Who Should Never Get Another Job in Corporate America (Would You Like Fries with That?)

Stanley O'Neal, leader of Merrill Lynch, 2007 pay packet including options and retirement perks: $160,000,000.00.

Angelo Mozilo, leader of Countrywide Mortgage (previously a very large employer in the Atlanta area, I believe), pay packet in 2007 worth $121,500,000.00.

Richard Fuld, Lehman Brothers, 2007 estimated earnings of $40,000,000.00. Why estimated and not disclosed? It is the end of 2008; has someone not filed their taxes? My my!

James Cayne, Bear Sterns, 2007 earnings $160,000,000.00.

Oh holy jeez, I'm about to have a stroke:

Richard Syron, Freddie Mac, Mr. Na Na I'm Not Listening To You Because I'm Dreaming of Rolling Around Naked With Blond Russian Twins with my pay package of $14,000,000.00. Oh yeah...SUCKERS!

Daniel Mudd, Fannie Mae, 2007, $13,000,000.00.

Kennedy Thompson, Wachovia (the bank I am about to leave. This is how I reward lack of accountability; I'm a consumer, and you are my bank. You are a poor performer, and sold my account to a competitor of my employer. Therefore, I am closing my account. Have a nice day!). 2007 earnings package? $21,000,000.00 Ah, those daily fees on top of overdraft fees really add up, don't they?

Kerry Killinger, WaMu, $14,400,000.00.

Source.

How disappointed are you to realize that these are the people whose lifestyles and bad decisions you are being asked to support? The media plays down the impact of this entire situation by using what I refer to as financial shorthand; it looks far more frightening with all those zeros, doesn't it?

Every single one of those companies has failed, or will fail soon. All those leaders have either been ousted, or have sought federal aid to rescue their failed companies, but I can promise you all of them still continue to draw a paycheck and enjoying their perks, while laying off workers, and looking for new ways to screw consumers out of their money. I'm not sorry. I hope they go to jail. And I hope every one of the gentlemen above (isn't that generous) enjoys having "failed CEO" on their resume.