ThePoliticalCat

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

Tuesday, September 18, 2007

Economy - Stealing From Your Employees


It's The Right Thing To Do. Well, the easy thing, anyway.

CNBC tells us that American Home Mortgage, after having fired some 7,000 of its employees due to the downturn in the market that pulled the rug right out from under its greedy ass, has decided to get its greasy mitts on money that its employees had set aside in a trust fund for their retirement.

Of course, these are all employees making more than $200k per year, which makes one wonder what-all happened to the poor sods making less - do they even have retirement benefits? Not that I don't sympathize with this lot. $200k P.A. in the current economy really doesn't mean shit - not when the CEOs are taking home $100m a year or more.

Cheeses.

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