Wednesday, August 28, 2013


(h/t Marketwatch)

The whole point seems to be making tons of money without being held accountable.  A great example is Angelo Mozilo, the man at the top of Countrywide before it disappeared.  A new study of the highest paid CEOs over the last 20 years shows that Mozilo's treatment isn't an aberration:

Executive Excess 2013: Bailed Out, Booted, and Busted

Nearly 40 percent of the CEOs on the highest-paid lists from the past 20 years were eventually "bailed out, booted, or busted."

I wrote before about two Americas but it's more like two versions of capitalism.

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