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Greatest "redistribution of wealth" in history when CEO's plundered the all the corporate wealth

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-27-08 09:15 AM
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Greatest "redistribution of wealth" in history when CEO's plundered the all the corporate wealth
They converted the assets of publicly owned corporations to benefit themselves and their cronies.

Additionally, they closed down factories and stores as they offshored jobs in their efforts to increase profits so that they would have even more money to siphon off. They laid waste to entire cities, towns and states as their avarice knew no limits and was limited by no one. While they took home literally billions in "earnings" they thought nothing of suppressing the wages of their employees and stealing the dividends of their shareholders. They deny affordable healthcare to employees and underfund the pensions of their retirees in order to finance their own golden parachutes.

These are the crooks that the Republicans have sheltered and nourished their entire lives with their co-operation, protection and legislation.

THIS, MY FRIENDS, IS REDISTRIBUTING THE WEALTH.
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Ravy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-27-08 09:20 AM
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1. Followed closely by the government handing out no-bid contracts
to their cronies and "special" deals on the leasing of public lands.
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-27-08 12:47 PM
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2. Jack Welch, CEO of GE, case in point.
Here is a link from 2002 and Jim Hightower in the Austin Chronicle that still has the power to make my blood just boil. And this week for whatever reason, whenever I turned around, I seemed to be offered Jack Welch's pronouncements of how to solve the current fiscal crisis! He is EXACTLY the vampire type CEO of which I speak.

(2nd headline in column - " Wealth of Retirement Benefits" -could not paste any of article for some reason.)
http://www.austinchronicle.com/gyrobase/Issue/column?oid=oid%3A109012

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