salary of Lehman Brothers' CEO
It's disquieting to find out that Lehman’s 11 directors are over the age of 70. In declining order: John D. Macomber, principal of JDM Investment Group, is 80. So is economist Henry Kaufman. Roger S. Berlind, a theatrical producer, is 77. Thomas H. Cruikshank, retired chairman and CEO of Halliburton Company, is 76. And John F. Akers, retired chairman of IBM, is 73. Each of them has been a member of Lehman’s board for almost 15 years on average. (see: Where Was Lehman's Board? )
Lehman Brothers is bankrupt. Merrill Lynch is being swallowed by Bank of America. Bear Stearns is already dead. American International Group (AIG), the biggest insurance company in the world, is also going down... Is this the start of the beginning of the end?
Labels: the economist