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Forum Post: Everyone with a share of stock or a dollar in a mutual fund should be mad about executive pay.

Posted 2 years ago on April 21, 2012, 2:15 p.m. EST by factsrfun (7070) from Phoenix, AZ
This content is user submitted and not an official statement

Chairman of Merck, $17.9 million, lays/plans to layoff 34 thousand

Chairman of Bank of America, $10 million, lays off 30 thousand

Citigroup’s stock fell 44%, CEO Vikram Pandit got A $5.45 million bonus bring him to $22.15 million

JPMorgan Chase only fell 22% so CEO Jamie Dimon only got $17 million

The year AIG collapsed CEO Hank Greenberg got $250 million, now that’s succeeding!

The median compensation for the 21 largest bankruptcies recently was $8.7 milllion, all of $400,000 less than median of those that didn’t go bankrupt, so I guess there is a plenty.

Where do I sign up to be “punished” like that?

11 Comments

11 Comments


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[+] -4 points by toonces (-117) 2 years ago

I thought OWS hated corporations. Shouldn't you be happy the banks are having to downsize?

[-] 2 points by factsrfun (7070) from Phoenix, AZ 2 years ago

Why don't we help them out say tax everything over a million at 90% that way they won't be so temped to be so greedy.

[-] -1 points by fleasparty2 (-4) 2 years ago

Funny how wanting to keep what you've earned is "greedy", but wanting to TAKE what someone else earned isn't. But it is greed and something else too, it's also jealously.

[-] -1 points by toonces (-117) 2 years ago

It will be you and I that will be paying the tax as they will raise their prices to cover the tax... Other than that, it is a great idea.

[-] 1 points by factsrfun (7070) from Phoenix, AZ 2 years ago

oh that old lie, well they paid the tax just fine in the fifties and we bulit a hell of a country with the money, America can do great things if our learders grow a set and stand up to the billionairs

[-] 1 points by Pequod (17) 2 years ago

But there were infinitely more loopholes backthen and the revenue levels were about the same as they are today. In fact the rich pay way more as a percentage today as they did back then.

[-] 1 points by factsrfun (7070) from Phoenix, AZ 2 years ago

Taxes paid by the wealthy are near the lowest percentage of GDP in a hundred years, so those loopholes didn't work as well as you might think, we paid back war debt, built roads and waterways and it made us the leaders of the world, now the GOP keep telling us how poor we are while they put in elevators for their Cadillacs.

[-] -2 points by fleasparty2 (-4) 2 years ago

How many times do you suppose posters are going to have to tell you about deductions and avoidance schemes under those old tax rates? Are all you occutards such slow learners or do you have a special problem?

[-] 1 points by factsrfun (7070) from Phoenix, AZ 2 years ago

How many times do we have to remind you that America was once a great nation?

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[-] 0 points by toonces (-117) 2 years ago

So, just because I have a different opinion, you call me a liar? If it is not you and I who will pay for the taxes owed by a corporation, who will?

[-] 1 points by factsrfun (7070) from Phoenix, AZ 2 years ago

So I guess the 1% are flat broke?

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