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Let’s talk about CEO pay. This topic is one of the major things wrong with our society. The amount of money that people make walking out the door of their companies is even more upsetting. I am convinced that one of the big reasons for the popular outrage over the Splurge or Bailout bill that is reported is due in part to this. Why should taxpayers pay for the hundreds of millions of dollars that are lining the pockets of these well connected individuals?

It makes no sense at all.

The best one?  The Washington Mutual CEO who will get more than 10 million dollars for being on the job for just 3 weeks before the bank went into the drain.

Insanity.

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From A cruel September for 5 bank CEOs

John Thain Company: Merrill Lynch Lasted: 11 months Shareholders were relieved when Thain engineered Merrill’s $50 billion sale to Bank of America just as Lehman Brothers collapsed. But they weren’t the only ones who derived comfort from the buyout, which saved one of Wall Street’s biggest giants from an investor panic: Bloomberg reported that Thain, the former head of the New York Stock Exchange and a Goldman Sachs veteran, and his top two deputies may exit with nearly $200 million. NEXT: Richard Fuld, Jr.

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