Democrats beat up on one of their own
Randall Hoven:
As for his pay over that time period you would have to look at the companies profitability during that time period to judge the reasonableness of his compensation and not just look at the recent results. I don't recall Waxman being indignant about the millions paid to executives of Fannie and Freddie and they were most Demcorats too.
Henry Waxman waxed righteously indignant, as the House Oversight and Government Reform Committee grilled Richard Fuld of Lehman Brothers, deploring his $480 million in pay the last 8 years. One Democrat even said, "I wonder how he sleeps at night."Fuld's mistake is now obvious. Waxman was not on the contribution list. I wonder if any other reports will note his giving 90 percent of his substantial political contributions to Democrats?
Now let's go over to Open Secrets and look up this same Mr. Fuld, shall we? It turns out Richard Fuld of Lehman Brothers gave $151,300 in disclosed political donations in recent years
How does it break down?
$45,000 to the Democratic Senatorial Campaign Committee.
$10,000 to the Democratic National Committee Services Corp.
$4,600 to Hillary Clinton, $4,600 to Chris Dodd and $2,300 to Barack Obama.
Other contributions to Democrats: Dick Gephardt, Joe Lieberman, Jack Reed, Erskine Bowles, Joseph Driscoll, Nita Lowey, Bob Torricelli, Frank Lautenberg, Brendan Byrne, Jon Corzine, Bill Bradley, Chuck Schumer, Ted Kennedy, Ed Markey, and Dianne Feinstein.
And what about Republicans?
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My arithmetic says Republicans received well under 10% of Mr. Fuld's political contributions.
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As for his pay over that time period you would have to look at the companies profitability during that time period to judge the reasonableness of his compensation and not just look at the recent results. I don't recall Waxman being indignant about the millions paid to executives of Fannie and Freddie and they were most Demcorats too.
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