^
The big story in these parts is that Bank of America, which is headquartered here in Charlotte, plans to lay off at least 30,000 workers in an effort to pad profits.
The person who made the announcement, CEO Brian Moynihan, has a pay package this year worth upwards of $9 million.
As a capitalist through and through, it pains me to say that this is Example No. 8,559 why the free-market system isn't always the best thing out there. Never has the disparity between haves and have-nots been wider.
As B of A boosts profits on the backs of janitors and bank tellers and secretaries and IT folks, those poor shlubs are left to wonder what Moynihan's portion of shared sacrifice will be. I mean, it's not as if he'll be giving up his taxpayer-subsidized private jet or his taxpayer-subsidized vacation home any time soon.
^
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Wednesday, September 14, 2011
Tuesday, April 12, 2011
Do something with your life; take over GE or IBM
^
Sad because you haven't gotten a decent raise in years? Well, you're in the wrong profession, bucko!
Quit your job this instant and become a major corporate CEO.
Through good times and bad, the gentlemen (and though there are a few ladies, it's mostly a gentleman's club - and a white gentlemen's club, at that) who head the nation's largest companies pay themselves millions upon millions of dollars per year.
2010 was a pretty good year for most companies, so, according to the New York Times, CEO pay rose 12 percent to an average of $9.6 million.
Nine-point-six million? Jeesh! That's almost twice as much as the average Wisconsin teacher made last year. Just ask honorable Wisconsin Governor (and Marquette dropout) Scott Walker!
And the beauty of being a CEO is that even in cruddy years such as 2008, you still get millions and millions of dollars. Sometimes even while your company takes a taxpayer bailout. Don King was so right: Only in America!
So stop being a patsy. Quit your job as a teacher or cop or firefighter or nurse or other unimportant member of society and do something meaningful with your life ... while making a few extra dollars, to boot.
Become a major corporate CEO, people.
I mean, how much simpler could the road to riches be?
^
Sad because you haven't gotten a decent raise in years? Well, you're in the wrong profession, bucko!
Quit your job this instant and become a major corporate CEO.
Through good times and bad, the gentlemen (and though there are a few ladies, it's mostly a gentleman's club - and a white gentlemen's club, at that) who head the nation's largest companies pay themselves millions upon millions of dollars per year.
2010 was a pretty good year for most companies, so, according to the New York Times, CEO pay rose 12 percent to an average of $9.6 million.
Nine-point-six million? Jeesh! That's almost twice as much as the average Wisconsin teacher made last year. Just ask honorable Wisconsin Governor (and Marquette dropout) Scott Walker!
And the beauty of being a CEO is that even in cruddy years such as 2008, you still get millions and millions of dollars. Sometimes even while your company takes a taxpayer bailout. Don King was so right: Only in America!
So stop being a patsy. Quit your job as a teacher or cop or firefighter or nurse or other unimportant member of society and do something meaningful with your life ... while making a few extra dollars, to boot.
Become a major corporate CEO, people.
I mean, how much simpler could the road to riches be?
^
Subscribe to:
Posts (Atom)
.JPG)