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:
I wrote before about two Americas but it's more like two versions of capitalism.Executive Excess 2013: Bailed Out, Booted, and Busted
By Sarah Anderson, Scott Klinger, Sam Pizzigati
Nearly 40 percent of the CEOs on the highest-paid lists from the past 20 years were eventually "bailed out, booted, or busted."
No comments:
Post a Comment