http://www.100mortgages.org/20081008/lehman-brothers-400-million-bonuses-for-top-executives/ Keep updated on the latest mortgage, global economy and business news Fri, 03 Feb 2012 08:36:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.100mortgages.org/20081008/lehman-brothers-400-million-bonuses-for-top-executives/#comment-160 Edwin Geels Thu, 23 Oct 2008 17:13:36 +0000 http://www.100mortgages.org/?p=1379#comment-160 I think that the Lehman Bros. debacle/bankruptcy was handled in a very unfair way by the government. If they had been bailed out perhaps a lot of the other bailouts might not have been needed. The followup news about Fuld's huge bonuses and the pending continuing payments to former execs is just criminal. My 88 year old mother lies in a nursing home dependent on some investments to sustain her stay there among which is a $38,000 Lehman note. This represents over 10% of her meager income which has now stopped completely and she may never recover this money. Why should former CEO continue to receive huge compensation when my mother gets nothing from her investments. If she uses up all her money in the nursing home she will become a ward of the state and the taxpayers will be forced to pay for her nursing home expenses via Title 19 funds. I'm sure this can be magnified thousands of times by other holders of Lehman investments including bonds, notes and stock. Ed I think that the Lehman Bros. debacle/bankruptcy was handled in a very unfair way by the government. If they had been bailed out perhaps a lot of the other bailouts might not have been needed.
The followup news about Fuld’s huge bonuses and the pending continuing payments to former execs is just criminal.
My 88 year old mother lies in a nursing home dependent on some investments to sustain her stay there among which is a $38,000 Lehman note. This represents over 10% of her meager income which has now stopped completely and she may never recover this money. Why should former CEO continue to receive huge compensation when my mother gets nothing from her investments. If she uses up all her money in the nursing home she will become a ward of the state and the taxpayers will be forced to pay for her nursing home expenses via Title 19 funds. I’m sure this can be magnified thousands of times by other holders of Lehman investments including bonds, notes and stock.
Ed

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