Waxman questioned Fuld on whether it was true he took home some $480 million in compensation since 2000, and asked: "Is that fair?"
Fuld took off his glasses, held them, and looked uncomfortable. He said his compensation was not quite that much.
"We had a compensation committee that spent a tremendous amount of time making sure that the interests of the executives and the employees were aligned with shareholders," he said. Fuld said he took home over $300 million in those years — some $60 million in cash compensation.
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
no subject
Date: 2008-10-06 07:16 pm (UTC)no subject
Date: 2008-10-06 07:45 pm (UTC)no subject
Date: 2008-10-06 07:48 pm (UTC)*blink*
...
...
Eggs?
no subject
Date: 2008-10-06 07:47 pm (UTC)Fuld took off his glasses, held them, and looked uncomfortable. He said his compensation was not quite that much.
"We had a compensation committee that spent a tremendous amount of time making sure that the interests of the executives and the employees were aligned with shareholders," he said. Fuld said he took home over $300 million in those years — some $60 million in cash compensation.
no subject
Date: 2008-10-06 08:32 pm (UTC)no subject
Date: 2008-10-06 11:30 pm (UTC)no subject
Date: 2008-10-07 03:49 pm (UTC)