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September 2, 2009

Wall Street Execs Reaped Windfall from Market Rebound
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Another study, meanwhile, shows top executives at the nation’s leading
financial firms have benefited from stock options that were awarded when
share prices were low. The Institute for Policy Studies says the top
five executives at ten financial firms have seen their stock options
increase in value by nearly $90 million. A large amount soared in value
as financial markets rebounded from the economic meltdown. But while
many executives have seen a windfall, some 160,000 employees have been
laid off from the top twenty bailed-out financial firms.



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