Wednesday, November 25, 2009

Modern capitalism

The top 5 execs at Lehman Brothers made $1B from 2000 to 2008. The top 5 execs at Bearn Stearns made $1.4B during the same period.

"The whole idea of capitalism is that the people provide the capital and the executives take care of it for us. In this case, the people provided the capital, and the executives took it."