One thing is for sure going into this next phase of economic meltdown:  regardless of whether or not the bailout passes, regardless of provisions written into the bailout stating otherwise, CEO golden parachutes are “here to stay,” reports CNN.

Rep. Peter DeFazio, D-Ore, is furious about it, and it’s one of the reasons he voted against the initial bailout plan last week.

“The golden parachutes have been exchanged for camouflage parachutes,” DeFazio said during floor debate Monday. “The execs on Wall Street will still get millions. Look at the loopholes there.”

Bottom line:  They’ll find a way. These CEO’s will step over their dead mother to make a buck.  They don’t care about you or me.  Neither do any of the Wall Street vultures.

Here’s just a few examples from a long list of golden parachuters:

• Merrill Lynch lost 45 billion dollars.  CEO Stanley O’Neil left with a whopping 250 million dollars.  This is not a typo.
• Countrywide went from a 25 billion value to 2.5 billion under Angelo Mozilo.  He walked away with 110 million.
• Carly Fiorina, now one of John McCain’s chief economic advisers,  left Hewlett Packard in 2005 with a package totaling 42 million.  What did she do to get this?  She laid off 20,000 HP workers and watched the stock drop to half it’s original value.  [Los Angeles Times, 8/6/08, latimes.com].  Rumors say that Fiorina was one of the people originally being considered as John McCain’s running mate.

Not bad for leading the company into a black hole, is it?

Here’s them:      And Here’s us:

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