The funniest thing of all about Bandit’s 2008 compensation being revealed as $10.8m wasn’t the amount of money a person can make for failing as a CEO. It’s not even that he originally was slated to rake in $40m before the company’s stock tanked, losing the kind of money that would drive most of us to suicide. It’s that he lied to Congress about his 2008 compensation last month, claiming to have only been paid his salary, which was just under $1m. Whoops.
No, the testimony was not under oath, so hopes of seeing him tossed in jail with actual bandits, for perjury, are dashed right from the get-go. But this won’t do him any favors personally with the House Financial Services Committee, to whom he lied.
(h/t to CB)