Richard Fuld had a $66 million payday in 2000 because, well, he was a great chief executive officer, now wasn’t he?
Though the Internet bubble popped and the Nasdaq peaked in 2001, he made another $105.2 million. In 2002, he bagged yet another $28.7 million; 2003, $52.9 million; 2004, $41.8 million; 2005, $104.4 million; 2006, $27.3 million; 2007, $40 million.
His tab for eight years of CEO work came to $466.3 million.
You may still remember the name of his company. It was called Lehman Brothers.
Read Full Article »