Great column by Arianna.

To the ever-growing mountain of evidence that corporate kingpins live in an entirely different world from the rest of us, we can add the latest revelations about the gargantuan loans CEOs receive from their companies: the $408 million WorldCom loaned to former boss Bernie Ebbers a month before thousands of employees began getting their pink slips, the $3.1 billion Adelphia Communications loaned to John Rigas and his kin, the $162 million Conseco loaned to Stephen Hilbert, the $88 million Tyco loaned to Dennis Kozlowski and the millions upon millions in less ostentatious — but no less outrageous — raids on company coffers by senior executives across the corporate landscape.

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WorldCom — which defaulted on $4.2 billion of its own loans yesterday — is charging Ebbers 2.3% on the $408 million he owes.