…And Dick Fuld Didn’t Do Too Badly Either

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by StockJockey
Thursday, December 15, 2005 - 8:47 am

fuldLehman Brothers joined Morgan Stanley in bestowing generous Christmas gifts upon its CEO. Lehman head honcho Dick Fuld was given a restricted-stock bonus of $14.9 million and an undisclosed amount of cash compensation, the Wall Street Journal reports. By comparison, in 2004 Fuld received $10.4 million in restricted stock as part of a $26.3 million pay package. In separate news, the Securities Industries Association reported that total profits for Wall Street firms was expected to hit $23.7 billion this year, up about 14% from 2004. Papa needs a new pair of shoes!
Morgan Stanley, Lehman Reward CEOs [Wall Street Journal]

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