Submitted by plmayo, Sep 26, 2008 19:18

Risk? What risk did Fuld and Cayne take? Bad asset allocation risk? Let's not confuse the risk that capitalism needs with the "risk" that amounts to pure greed. Capitalism needs the risk that creates new and innovative start-up companies. The "risk" that Fuld and Cayne took didn't add anything to the American economy. They weren't entrepreneurs. Neither was Bill Gates. Fuld and Cayne were grossly overpaid for pushing packaged debt. They leveraged assets. That is not the kind of risk that capitalism should reward. Besides, $40 million is about what Fuld should have made for those years of work when you think about it. $1 billion is simply insane.

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