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Well, Lehman Brothers may have gone bankrupt, but the chief executive officer still has plenty of gall on deposit. Richard S. Fuld Jr. told congressional hearings on the financial meltdown that he estimated his pay from 2000 to 2007 at a total of $350 million and that despite the firm's collapse, the pay was appropriate.And this was a good one: he defended bonuses for fired executives ($18.2 million for two of them, and another $5 million for one who departed on his own) that were planned just days before the company went under. And he acknowledged no errors or misjudgments.It's amazing that the Bush administration didn't make limits on golden parachutes and the like part of the bailout package as initially presented it to Congress. What planet are they on? We don't know how the weather is up there, but clearly, the oxygen is a little thin.And the congressional hearings have just begun. The most terrifying prospect of all is that future witnesses may make the Lehman story look like small potatoes. No matter what, the public's hankies will be dry.
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