Bye Bye Banks and Wall Street

[Alex]

I'd have a comment on that $11 million statement but that really could get me in trouble (but part of my response: when the money was offered to him, they didn't know it would only be 10 days).

As for taking the golden parachutes, that isn't as much money as you may think. Using 2005 numbers, if you took 100% of the annual pay of each of the top five executives at every Fortune 500 company, you'd have collected $14 billion (and realistically you'd only get a small fraction of that). Yes, a lot of money at the individual level but collectively just a large drop in the bucket.

I'm not defending executive compensation, it is definitely way out of proportion. But while any attempt to cap or regulate may appeal to a sense of fairness or punishment it doesn't really impact the financials.