Thursday October 9th

Lehman Brothers, just recently filing for bankruptcy protection, costing shareholders in the company billions of dollars and employees their jobs, has earned Mr.Fuld, the CEO, very justified scrutiny, as reports have him earning as much as half a billion, that is $500,000,000 dollars, while his company was going under. Countrywide CEO Angelo Mozilo, after watching his company go down, took home 361.7 million dollars between 2005-2007, Fannie Mae boss Daniel Mudd, 11.6 million dollars, Freddie Mac exec Richard Syron, 12.9 million, including 8 million in bonuses, Bear Stearns CEO James Cayne, took home 42.3 million in his final 3 years on the job. And on and on and on. And now we hear the story of AIG execs spending a whopping $440,000 on a retreat, complete with Spa treatments, banquets, and golf outings days after getting news of the Fed bailout. Unbelievable. More in the early Thursday edition of Chipp Shots.