Income of very richest shot up by 281% since 1979
OPS_admin | Jul 28, 2010 | Comments 0
In the wake of BP’s calamitous oil spill in the Gulf of Mexico, CEO Tony Hayward is stepping down, but he will be receiving a severance package amounting to an estimated $18 million.
“That’s what he gets for presiding over a record oil disaster and massive losses,” commented Chris Hayes, Washington editor of The Nation, who was guest hosting MSNBC’s The Rachel Maddow Show on Tuesday.
Hayes went on to note, however, that “Tony Hayward’s $18 million payoff is an absolute pittance compared to the kind of cash top CEO’s are raking in.” He cited a recent Wall Street Journal story which revealed that over the past decade, the two highest-paid CEOs at public companies each took in over a billion dollars in compensation, while others in the top 25 received compensation in the hundreds of millions.
Full Story: Income of very richest shot up by 281% since 1979 | Raw Story.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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