>"It's particularly galling, though, to see these same executives locking in their own lifetime of luxury while rolling the dice with their workers' retirement years."
Does it gall you too? These overpaid, lobbying fat cats keep earning outrageous sums every year, separating them from their workers like a patrician aristocracy.
What is it going to take to STOP the decline of bail-outs? Are these guys demanding and taking more just to pay their corporate lawyers to keep the masses off their backs?
United Airlines chief executive Glenn Tilton collected $3.4 million in compensation in the year leading up to the airline’s 2002 bankruptcy. He received ANOTHER $4.5 million of his pre-bankruptcy pay package in 2003-2005. (Swallow that you American Airlines pilots forced to work for AirTran.)
And while the pension pit grows at Ford, chief executive William Clay Ford Jr. has collected $53 million over the past three years. At GM, G. Richard Wagoner Jr. got $40.7 million over that period.
This scam appears to be class-related, the sign of a new (soon to be extinct) <America?>
"It's no secret that corporate bigwigs have paid themselves handsomely while stiffing their workers and sending jobs overseas. "
The whole thread (36 posts)
- "It's no secret that corporate bigwigs have paid themselves handsomely while stiffing their workers and sending jobs overseas. "
- Politicians use corporate CEO salaries as an excuse to vote themselves a raise
- Why stop there?
- 1.5 would be just a little harsh.
- There would still be a pay scale, increasing with education, experience and responsibility
- Good idea
- If they want a pay increase, they have to increase everyone else's at the same time, vice versa with pay cuts
- "stiffing their workers"
- On this topic, I agree with Lindy 100%
- "Does it gall you too?"
- Politicians use corporate CEO salaries as an excuse to vote themselves a raise