What about Chuck Prince? That SOB let Citigroup go down the toilet and walked away with a hefty piece of change. Whatever happened to pay based on performance?

Fully agree, I've wrote a similar article about this a few weeks ago and with some other names and amounts http://riskfriends.wordpress.com/2008/07/07/big-rewards-at-no-risk/

How can the they received so much when it is almost always the little people that is doing all the work. they don't want to pay anything or give any type of bonuses, this should be stoped right away.
why doesn't the govt do something about this.

You moron stockholders let them do it then we the public pay for it though price increases. It's all going to come to a end, it's just a matter of time.

THESE OBSCENE BONUS PACKAGES TO FAILED EXECS IS JUST AN INDICATION OF OUR SOCIETY UNDER THE BUSH ADMINISTRATION CROOKED AND LYING LEADERSHIP. BETWEEN BUSH AND CHENEY, THESE EXECS KNOW THAT INCOMPETENCY DEMANDS HIGH RERWARD.

Yes big companies and our government croonies have distroyed America because of greed and power. They all worship the all mighty dollar. Policies are influenced by how much money it will rake in, need I name the government and private companies that hold hands? I think not, most of you know who they are.

This is why American products and services cost so much and why American companies are going down the toilet. They have to outsource everything to China or India just to pay for American executive benefits.

What has Bush got to do with this? This corporate America, we the people allow this crap to happen, we rely to much on the government to control ourlives, remember we live in a free country, not a government controlled country, we blame everyone but ourselves for the mess we're in. Wake up and take control, clean out Congress if you don't like them, elect the President of your choice, then you can blame yourself when things go wrong out there.

I'm worried about how I am going to eat and heat my home this Winter and they "retire" with these type of benefits. One word. Disgusting!

cHRISTOPHER wAGNER SHOULD HAVE BEEN INVESTIGATED RE: WANTING THE USED COMPUTER? WHAT WAS ON THERE THAT HE DID NOT WANT THE COMPANY TO KNOW? WAS HE DOING OUTSIDE BUSINESS WITH A RIVAL COMPANY?, OR WATCHING PORN OR EVEN WORSE KIDDIE PORN AND HIS EMPLOYERS MIGHT FIND OUT OR HIS WIFE IF MARRIED HIS WIFE OR LOVER MIGHT DISCOVER? NO WONDER THE COMPANY HAD TROUBLE BUNCH OF FOOLS RUNNING THE ASYLUM THERE.

Don't stories like this stick in your craw? In Japan the difference between an executive and worker's salary is something like 40 times as much. In the United States? 400 times.

I'm also not too terribly impressed at how most of these CEOs perform. There is nothing magical about a stock tanking under your helm and then to cut costs you lay off a bunch of workers. Of course you don't cut your own pay, but hey. These workers have nothing to do with your crappy performance as a CEO, but they are always the ones who suffer for your incompetence.

Hilarious ! Any day, any topic - and some "13 yr. old" whiz comes up w a ,"George Bush did it", comment. And they call Bush stupid? Anybody genius enough to think up all these conspiracys etc. could not be stupid ! Bush would have to be the Evil Genius of all time. But then he had Cheney's help - I forgot. This indeed should be called the "Blame" generation. But wait. Coming soon: "Obamanation". Can we still blame Bush for '4 more years' when things CHANGE but still ain't better?

Why is everyone so upset. Smart businesspeople. Kudos to them. Don't whine because you're jealous, get a job.

What I find deplorable, is how Corporate America always cries "We want a Capitalistic Market" when it comes to making profits, but the minute things tank for them, then they want a "Socialistic Government" to find the ways of bailing them out. I find this whole article just frustrating as hell - because no matter how the news about their perks and grossly overpaid salaries are revealed, they continue to get away with this stuff, time and time again. How many mansions are enough for these people? How many trips, vacations, boats, etc are enough? When the average American is struggling to pay for decent health care, these guys are laying on the beach and complaining that their margarita has too much salt and not enough booze for their liking.

I was like everyone else, that being outraged by how much money these guys are getting for an average or less than average job. Then I looked at what the Actors and Athelets are getting and I am not so sure these are as out of line as I first thought. An actor gets over $20,000,000 for a film that requires him to work maybe 4 months, where he may work a couple of hours per day, be given any living conditions he or she desires. Football players, basketball, baseball players are getting $100,000,000 contract for 5 year contracts. So I think the fact is all these salaries, perks, etc. are out of hand. I am just not sure how you bring it back down to reality at this point.

What has happened to America's back-bone? If you were a stock holder of say, Exxon, i.e. and you were expecting a meager return of a few thousand dollars on your stock, but received 15 cents per each because the CEO was given a $400 million bonus and you didn't complain. you're the idiot. Quit yor crying.

These companies don't worry,Bush will bail out any BIG BUSINESS with our tax dollars,he knows what its like.Yeah,why blame the president,he wasn't elected to run the country,they are only a figure-heads!

This is so laughable. You people who side with the CEO's making millions while America goes down the drain must be completely insane. You people must be just as greedy, heartless and self-serving as the CEO's. And blaming Bush IS proper in this instance. He is supposed to be working for our benefit, and he has spent eight years ignoring the American people and the economy, while he lets his rich buddies have free reign. How can you back these failed policies? DUH!!!

So the goverment is bailing out Freddie & Fanny, How come the CEO's are not being fired ? How much stocks do these crooks in Washington have in Freddie & Fannie ? We are being sold right down the drain and the people are doing nothing. There will be only the rich & the poor but as long as you people have your cell phones, cable & fast food chains you are content.

Look at the perks Congress gets and some of these people have been in office for decades. Ear marks should be against the law, one ear mark was 5million to Belgem for a museum now if that dont get your dander up nothing will. These people are our CEOs. ( vote these bums out get new thinking in)