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Congress hears Lehman sought millions for execs
http://news.yahoo.com/s/ap/20081006/ap_on_go_co/meltdown_lehman
By JULIE HIRSCHFELD DAVIS, Associated Press 10/06/08 Writer 33 minutes ago
WASHINGTON - “Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.”
"I feel horrible about what happened," he said."
"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.”
By JULIE HIRSCHFELD DAVIS, Associated Press 10/06/08 Writer 33 minutes ago
WASHINGTON - “Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.”
"I feel horrible about what happened," he said."
"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.”
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