Measuring Wall Street Apologetics
The parade of bankers called to account for the financial crisis continued last week when Kerry K. Killinger, head of Washington Mutual, the largest bank ever to fail, apologized, sort of, as have many before him. But he also said that his firm “should have been given a chance.” Here are some of those mea culpa moments.
Read their quotes in today's New York Times
Angelo R. MoziloCo-founder, former chairman and chief executive, Countrywide Financial
TOTAL COMPENSATION $530.9 million.
Kenneth D. LewisFormer chairman and chief executive, Bank of America
TOTAL COMPENSATION $251.5 million.
Kerry K. Killinger
Former chief executive, Washington Mutual
TOTAL COMPENSATION $95.7 million
E. Stanley O’Neal
Former chairman and chief executive, Merrill Lynch
TOTAL COMPENSATION $201.9 million.
Lloyd C. Blankfein
Chairman and chief executive, Goldman Sachs
TOTAL COMPENSATION $391.2 million
Richard S. Fuld
Former chairman and chief executive, Lehman Brothers
TOTAL COMPENSATION $167.5 million.
Charles O. Prince III
Former chairman and chief executive, Citigroup
TOTAL COMPENSATION $132.7 million.
James E. Cayne
Former chairman, Bear Stearns
TOTAL COMPENSATION $424.3 million.
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