". . . a republic, if you can keep it."
Joshua Mandelman made $454,000 in a single year as a student-loan debt collector — more than twice the pay of the U.S. secretary of education.
His boss, Richard Boyle, chief executive officer of Educational Credit Management Corp., received $1.1 million in 2010, including commuting expenses from his ranch in New Mexico. Five other managers each took home more than $400,000. 
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Steffen’s videos are getting better and better.
A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court’s refusal Monday to hear his appeal.
Joel Tenenbaum, 28, of Providence, R.I., said he’s hoping a federal judge will reduce the amount.
“I can’t believe the system would uphold a six-figure damages amount for downloading 30 songs on a file-sharing system that everybody used,” Tenenbaum said. “I can’t believe the court would uphold something that ludicrous.”
A jury in 2009 ordered Tenenbaum to pay $675,000, or $22,500 per song, after the Recording Industry Association of America sued him on behalf of four record labels, including Sony BMG Music Entertainment and Warner Brothers Records Inc. A federal judge called the penalty unconstitutionally excessive and reduced the award to $67,500, but the 1st U.S. Circuit Court of Appeals later reinstated it. (Read more)