A Blog devoted to progressive politics, environmental issues, LGBT issues, social justice, workers' rights, womens' rights, and, most importantly, Cats.

Sunday, June 10, 2007

Human Rights - When Do Working Stiffs Get A Piece Of The Pie?

It makes me furious that working people of every class have not had a raise or seen any fiscal benefits for years, while war profiteers, the ruling classes, and the already wealthy privileged and greedy are raking it in.

It's time for this shit to stop. The cost of health care is skyrocketing, the cost of gasoline is skyrocketing, and now food prices are shooting up, yet salaries have not increased by much and every dollar must stretch that much further. Why do we put up with this?

And worst of all, why do we put up with this?
A new Associated Press calculation shows that compensation for America's top CEOs has skyrocketed into the stratospheric heights of pro athletes and movie stars: Half make more than $8.3 million a year, and some make much, much more.


The high cost of chief executive pay has drawn criticism in recent years as salaries rose, stock options paid off like lottery jackpots, and perks like chauffeured cars and private jets spread. Still, there are few signs of any investor backlash.

Yahoo Inc.'s Terry Semel, whose Internet company has lagged behind Google Inc. in profit growth and stock performance, led the pack with total compensation last year of $71.7 million, according to the AP formula used to analyze those filings.
$71 MILLION???? The shareholders are putting up with this? Dood, your company is floundering, and you're getting paid this whopping sum for WHAT?

Half these people make more than $8 million a year. That's more money than 90 per cent of us will see in a lifetime. Despicable!

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