Oregon Media Insiders

This is just another example of executives with an inflated sense of self worth. Executives with firms of all stripes pack their compensation committees with friends and find ways to help one another reach obscene heights of compensation largesse. Just look at the sub-prime mess as an example. Firms which have lost billions continue to pay their executives outrageously high sums while losing money hand over fist. Another Seattle based firm, Washington Mutual, is a prime example. Even with huge losses, its executives seemed more interested in maintaining executive compensation rather than taking it in the chin. Speaks volumes about how greedy many in the executive class have become.