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Bailout and Executive Pay

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opednews.com

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In 2007, Lloyd C. Blankfein, CEO of Goldman Sachs raked in $70,324,352 in total compensation according to the SEC (check out the AFL-CIO executive pay watch feature on their website). You know, that's Goldman Sachs, the firm Henry Paulson, the treasury secretary, cashed out of a few years ago. That's one of the firms that Paulson is about to oversee the bailout of. That's who were bailing out. Companies that pay their leaders tens of millions of dollars per year FOR RUNNING THEM INTO THE GROUND!

Paying someone about 4,650 times the minimum wage, that's really classy. Bailing out these clowns was a huge mistake. If government helps anyone it should be the working poor. Obama and McCain are complicit in this corporate welfare: taxing the workers to bail out the capitalists. Apparently rich people don't pay taxes, they get paid taxes.

 

My intellectual awakening is ongoing. Lately, politically, I'm most interested in efforts to break down two-party rule in this country. I registered Green after the Democrats won control of Congress. The more I think about it, the happier I am with (more...)
 

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