What They Got Away With (11 Top CEO's)

www.newsweek.com...

Paraphrasing from content:
"Stanley O'neal , CEO Merrill Lynch:
After writedowns climbing from $7.9 billion reported to 45 billion

in one year,
His payout: $161.5 million



Angelo Mozilo, CEO Countrywide Financial:
After swearing Countrywide would ride out the turmoil and emerge

bigger than ever,
He cashed out his stock options as Countrywide nosedived. The

company's worth fell from around $25 billion to $2.5 billion.
His Payout: $121.5 million.
He gave up $36.4 million in severance pay, but is under

investigation by the SEC for his $121.5 million stock gains.


Charles Prince, CEO Citigroup:
after a 57 percent drop in quarterly earnings, Charles stepped down

in November, 2007, stating it is...the only honorable thing to do.
His Payout: $68 million

Robert Willumstad, CEO AIG (7/08-9/08) Stock plunged from $27

dollars a share to $2 dollars a share, and the firm agreed to an $85

billion Gov't Bailout.

Martin Sullivan, CEO AIG (05-08) 2 quarter record losses and $20

billion in sub-prime related losses.

Marice (Hank) Greenberg, CEO AIG (68-05) Shaped AIG into the

world's largest insurer but was forced out due to a fraud

investigation. No charges filed against him.

Their Payouts: Willumstad Received $7 million, refusing a $22

million severance package.
Sullivan received $47 million
Greenberg's $3 billion interest nearly disapeared.

Richard Fuld, CEO Lehman Brothers:
The firm declared bankruptcy 09/15/08 after claiming the worst is

behind us to shareholders and dodging queries about subprime

debt.
His Payout: $22 million

Kerry K. Killinger, CEO Washington Mutual:
Overseeing aquisitions of a slew of credit and mortgage providers

that since headed south, more than half WaMu's loans are tied up in

the riskiest types of loans, posting a $3.3 billion loss in the second

quarter alone. From Peak worth of $44 billion to $5 billion, Killinger

was ousted in 09/07/08
His Payout: $22 million

Alan Fishman, CEO Washington Mutual:
He took over and in less than three weeks, federal regulators shut

down WaMu, the nation's largest thrift, and sold it's assets to

JPMorgan Chase for $1.9 billion
His Payout: Up to $13 million, or $928,571 per work day.

Daniel Mudd and Richard Syron, CEO's Fannie Mae (Mudd) and

Freddy Mac (syron):
Mudd predcted ealier this year that Fannie would feast on reduced

competition in the mortgage market. Instead the country's biggest

mortgage insurer suffered four consecutive quarters in the red

during the worst housing crisis since the Great Depression.
Syron rejected internal warnings that could have protected Freddie

from crisis. Fannie shareholders lost $52 billion as the stock

plummeted 83 percent while the shareholders watched $36 billion

go down 85 percent to negative $5.6 billion.
By the time the U.S. Government extended $2.25 billion credit line

to each in July, Fannie debts reached $800 billion and Freddie's

reached $740 billion.
Their Payouts: Zero. Mudd would have reveived $9.3 million exit

pay and $12.4 million salary, bonuses and stock profits.
Syron could have received at least $14.1 million exit pay and he has

made $17.1 million in salary, bonuses and stock profits since

becoming CEO in 2003.

Jimmy Cayne, CEO Bear Sterns:
After serving for 15 years as CEO, Cayne was conspicuously absent in

the firm's final months. Disclosing mertgage losses last year, Cayne

was at a Nashville bridge tournament. Eight months later, Cayne

was at the North American Bridge Championships as the company

began its final descent, and could not be reached. Bear was sold days

later to JPMorgan Chase for about $10 dollars a share from $170

dollars a share in 2007. Cayne was worth about $1 billion in 2007

down to $600 million.
His Payout: $61.3 million. Cayne and his wife dumped their stock

during the JPMorgan takeover. He will also receive another $4.6

million in JPMorgan stock.

Michael Perry, CEO IndyMac Bank:
The bank collapsed in July, 2008 in the second largest bank failure

in U.S. history. Despite mounting losses in 2007, in December he

insisted the bank would be profitable by the second half of 2008.

Perry was removed after 15 years as CEO during the EDIC's takeover.
His Payout: Unknown but Forbes listed his five year compensation

total as $37.49 million.

Ken Thompson, CEO Wachovia:
In April, 2008, shareholders called for his ouster at their annual

meeting after a first quarter loss and a dividend cut of 41 percent.

Thompson had promised the dividend would not be cut. He came

under fire for his $25 billion purchase of Golden West. He resigned

in May.
His Payout: $8.7 million"

This reminds me of a microwaveable lunch commercial where someone is making name signs and the suit is into his food saying "Num Yummy" and the name signs are finished and the sign guy asks, "who's Num Yummy?"

These brilliant, proficient businessmen are 11 of the top Chief Executives in America.
The 12th?
you guessed it...Num Yummy.
Enjoy your severence and gains gentlemen.