You would be happy to. The suit on the left is John Mack, CEO of Morgan Stanley and the right is Vikram Pandit, CEO of Citigroup. They just attended a meeting at the Treasury Department this morning where they learned that they would each get $25 billion dollars of our money to "bail" out their "banks." According to Reuters, Mr. Mack received an estimated $1.6 million dollars in salary in 2007, when overall profits at his firm fell 57 percent. Including about $16.5 million from stock options, his total compensation was around $18 million dollars. Mr. Vikram's pay from Citibank is reported to be in excess of $216 million dollars. The credit for the photo is Susan Etheridge for The New York Times.
Tuesday, October 14, 2008
It's beginning to look a lot like Christmas...
You would be happy to. The suit on the left is John Mack, CEO of Morgan Stanley and the right is Vikram Pandit, CEO of Citigroup. They just attended a meeting at the Treasury Department this morning where they learned that they would each get $25 billion dollars of our money to "bail" out their "banks." According to Reuters, Mr. Mack received an estimated $1.6 million dollars in salary in 2007, when overall profits at his firm fell 57 percent. Including about $16.5 million from stock options, his total compensation was around $18 million dollars. Mr. Vikram's pay from Citibank is reported to be in excess of $216 million dollars. The credit for the photo is Susan Etheridge for The New York Times.
