Bear Stearns Chairman sells everything - pockets $61 million

Poor fella only pocketed $61 million instead of billions. It will be interesting to see how the Senate - in particular Senator Baucus and Senator Grassley - views this profit taking. Selling everything in one shot is generally not done so I'm curious to see where the Senate goes with this. Only days before the stock was valued at $2 and was eventually sold for $10.84 per share.

Does an executive who led Bear Stearns into this trouble really deserve to even make $61 million? Are we telling America (and the world) that despite dragging down the retirement investments of millions, plus the panic their fall added to the US economy (requiring a bailout) plus the loss of thousands of jobs, it's OK for one of the leaders to pocket money that most Americans can't even imagine? Is that what we are saying here? The fact that Bear Stearns had to be bailed out throws traditional rules out the window. That $61 million ought to immediately go into an escrow account controlled by the US government until this mess has been sorted. Allowing any profit taking in the middle of a collapse is simply un-American and unethical.