...Came across some interesting stories about a recent study that delved into the numerical irony of wartime deaths, defense companies, and CEO pay. The study found that 34 defense CEOs have been paid nearly $1 billion since the Sept. 11, 2001, terrorist attacks.
Before 9/11, the gap between CEOs of publicly traded companies and army privates was already a galling 190 to 1. Today, it is 308 to 1. The average army private makes $25,000 a year. The average defense CEO makes $7.7 million.
and it's not just defense companies. them oil boys are grimey too.
The pay gap between the average oil and gas CEO and the average oil worker is 518 to 1. The general national CEO to worker gap is 411 to 1.
That shT is insane. Makes me think of the prison "industry." The report said, "democracies decay when one segment of society flourishes at another's expense." You ain't never lied.
2 comments:
I heard about this story a few days ago and thought it was insane - although I thought the total compensation for the defense industry CEOs was a trillion (perhaps the person mis-spoke when quoting this story).
The oil industry is such a fraud, but naturally Bush won't do anything since he's an oil man and all his buddies are. In recent months, stories I've come across have further sold on me on the oil companies gauging us at the pump, not this "supply and demand" lie we've been told - in fact, Motley Fool basically shot that down with one story they had, noting that pure supply and demand doesn't explain this. Meanwhile, this story made me think of something: a company like Exxon Mobil deserves to make $10 billion a quarter if they can innovate to cut the high costs and keep gas prices reasonable. I could live with them making record corporate profits in that case, because they'd be making our lives better. But that's not happening, hence folks have plenty of reason to take issue with their record profits.
phil phil?! whattup. i see you be waxing poetic on more than just sports. thanks for the shout yo.
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