Bailout Baron Bounty
The heads of the 20 banks that got the biggest federal bailouts -
and laid off over 160,000 workers - made almost 40 percent more than
other CEOS last year, with the top five executives at those banks
earning about $32 million
each and seeing stock options soar $90 million, a new study
shows. The annual Institute for Policy Studies "Executive Excess"
report also shows that average CEO pay was 430 times larger than for
"America's executive pay bubble remains un-popped," says Sarah
Anderson, lead author on the study. "And these outrageous
rewards give executives an incentive to behave outrageously, putting
the rest of us at risk."