Can wild CEO pay be tamed? Probably not
The guys who ran the recently collapsed Lehman Bros., Merrill Lynch, Bear Stearns, Fannie Mae and Freddie Mac all prove one thing. You don?t always get what you pay for. [b]Big paychecks for jobs not well done[/b] Lehman Bros.? Richard Fuld, $40 million. Merrill Lynch?s Stanley O?Neal, $46 million. Bear Stearns' James Cayne, $40 million. Freddie Mac?s Richard Syron, just shy of $20 million. Fannie Mae?s Daniel Mudd, $12.2 million.
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