Merry Christmas, Richard Fuld!It’s beginning to look a lot like Christmas! The Wall Street Journal reports that, according to a regulatory filing, Lehman CEO and chairman Richard Fuld, possessor of what is probably the most villainous face on Wall Street, received a nice little present this year: a stock grant valued at $35 million. This is way up from the $10 mil he made last year, basically because Lehman’s losses from underwriting of mortgage-backed bonds were not as bad as analysts expected. You’d think he’d at least smile.
Lehman CEO Recieves Stock Grant of $35 Million [WSJ]