OCTOBER 2, 2009
Today we heard that Ken Lewis is retiring from Bank of America. He’ll get $125 million in retirement and stock. When you get $45 billion in the bailout it really doesn’t seem so much. And it wasn’t easy. Paying $50 billion for Merrill Lynch’s toxic lunch, especially at Paulson and Bernanke’s Soup Nazi Kitchen is a crazy way to spend a career. If I were an insider I’d probably think he’s worth every penny. Art done for Jason Treat at The Atlantic.