"I'm not here to make excuses," lies GE CEO Jeff Immelt in this video of a recent interview. Then he goes on to explain why your concerns about him earning $10 million last year are super stupid. Best excuses below!

1. "If the Dow was at 24,000...you'd like us all more."

2. "Going a couple years without a bonus isn't a big deal to me. You can survive on $3 million a year, $3-4 million a year. It's not that tough."

3. "In the end, I don't need anybody to paint that for me [the fact that CEO pay is important]. I kinda get it."

[92Y blog]