Bailout Baron Bounty

by
Abby Zimet

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
typical workers.

"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."

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