What do BP, Goldman Sachs, Enron, World Com, Bernie Madoff, and a long list of other “malefactors of great wealth” (to borrow a pejorative from President Theodore Roosevelt) all have in common?
A “C-level” or “C-suite” position is nice work, if you can get it. It’s understandable why so many people want to be in the club. The salaries are astronomically high and the perks are amazing. But isn’t it just ridiculous that CEOs still get paid egregious sums of money, even when their performance is abysmal and they fail?
Recently, Bank of America disclosed that it had $4 billion less in regulatory capital than it thought...
