ABSTRACT
This chapter explains about money and greed. Ten US companies paid senior executives US$350 million in the five years before they were forced to drop their underfunded pension plans for employees. One airline company was US$979 million short in required pension contributions while its top three executives earned US$5.5 million in compensation. Goldman Sachs received a US$10 billion bail-out from US taxpayers. In return, it proposed to pay its management executives US$17 billion in yearend bonuses, but apparently changed its mind in the face of public outcry and awarded instead US$20 million in stock. In March 2009 Broadway producers Garth Drabinsky and Myron Gottlieb were found guilty in Toronto of perpetuating a multimillion-dollar fraud with Livent. At their pre-sentencing hearing their lawyers presented letters of support from dozens of directors, writers and performers who had benefited in some way from their association with Drabinsky and Gottleib.
