The front page of The Star (2/5, A-1) pictured five CEOs and listed their total earnings for the year 2007. The smallest amount received was $1.6 million by John Mack of Morgan Stanley. Vikram Pandit of Citigroup was given $216 million.
What in the world could this Vikram Pandit (whose name should be Bandit) have possibly done to earn such a vulgar amount of compensation?
The big rub is just a few months later in early fall of 2008 they were begging and received billions of our money in the bailout. All of these “grants” came from the simple-minded idiots in the White House and on Capitol Hill, who were so anxious to give our money away they didn’t even bother to set forth any rules or contracts as to how this money was to be used, nor did they agree to any form of auditing.
What a disgusting situation. I blame our government for permitting it to happen.