financial_opera
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12 years ago @ NewsReal Blog - Top Six Violent Acts C... · 0 replies · +1 points
The results of this mingle with corporate executives were highly predictable: givebacks and concessions to companies so they can pay their executives more and more. In 2009, for example, the United Auto Workers agreed to freeze their salaries to help save the big three Detroit automakers. They also slashed employee benefits, including healthcare.
Did the Big Three use those savings to invest in new plants? Not really. They continued to outsource jobs overseas. Meanwhile, as UAW members got laid off and struggled through pay freezes, Ford gave president and CEO Alan Mulally a raise in his annual salary, to $17.9 million. GM forked over $9 million to CEO Daniel Akerson. Despite having no apparent God-like superpowers—at this pay scale the dude ought to be able to shoot flames out of his mouth—Chysler-Fiat felt it appropriate to pay $7.7 million to its CEO, Sergio Marchionne.
12 years ago @ Global Dashboard - Peak Emissions Now - t... · 0 replies · +1 points
12 years ago @ Breitbart.tv - Rev. Wallis Reveals Ho... · 0 replies · +1 points
Would you rather have it spent on making your town/city better, or would you prefer that your money be given to already-rich people such as the CEOs of banks, oil companies and mercenary armies?
I'd prefer the former
13 years ago @ Global Dashboard - Scarcity, security and... · 0 replies · +1 points
13 years ago @ Global Dashboard - Is the UN still relevant? · 0 replies · +1 points
13 years ago @ Breitbart.tv - UPDATED VIDEO: More Le... · 0 replies · +1 points
13 years ago @ Global Dashboard - Time to Stop Betting t... · 0 replies · +1 points
13 years ago @ Global Dashboard - The Long Crisis Seminar · 0 replies · +1 points
13 years ago @ Macleans.ca - We can’t do much abo... · 0 replies · +1 points
13 years ago @ MoneySense - Four deals in a pricey... · 0 replies · +1 points
"It's profits, but it's not so easy to define profits," says Robert J. Shiller, an economics professor at Yale University in New Haven, Conn., and the author of Irrational Exuberance (Princeton University Press, 2000). "Accountants have been debating that for 100 years."