Thursday, February 15, 2007

This Is Why Capitalism Sucks

The reward for being a failure.
Fabian Mansson, who last week quit as chief executive of money-losing clothing retailer Eddie Bauer, will receive a severance package of more than $4.5 million, the company said in a securities filing Thursday.

The Redmond-based company, which lost $275 million over nine months in 2006 and two-thirds of its value under Mansson....

My emphasis.

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