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Pay for America's highest-paid CEO tops $131 million

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 09:58 PM
Original message
Pay for America's highest-paid CEO tops $131 million
And, pay attention Occupy Wall Street, he doesn't even work for a bank or financial firm

If you happen to be a billionaire or corporate Fat Cat, you may have noticed a mob assembled near your headquarters or home recently. You may not know what they’re protesting exactly; you might even joke that perhaps this has something to do with why they are unemployed. But when it comes to their complaint that the rich have been getting richer while things keep getting worse for the poor, downtrodden and unemployed, you gotta admit, they have a point.

While the stagnant economy continues to hurt those at the bottom of the American workforce, there’s plenty of money for the .0001 percent at the top. (The compensation totals, compiled by Forbes’ stats guru Scott DeCarlo, include salary, bonuses, perks and the value of exercised stock options through Sept. 6. Sources are CompuStat ExecuComp and SEC filings).

Compensation for the chief executives of America’s biggest corporations is way up in 2011, 28 percent higher than last year on average, according to GovernanceMetrics International. If you were already in the top quartile of high-paid plutocrats, your comp nearly doubled. Cash bonuses are triple what they were before the recession.

http://www.msnbc.msn.com/id/44893005/ns/business-forbes_com/
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 10:02 PM
Response to Original message
1. Lol the top CEO is a beneficiary of the ACA! How is that for government largesse?
And who knew Polo sold that much stuff? How in the world?
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 10:16 PM
Response to Reply #1
4. And with Iger (Disney/ABC) and Moonves (CBS) on the list, no wonder MSM is not interested in OWS!
Why is OWS downtown, when all these media guys are in midtown? (Actually, JPMC and BlackRock are also in midtown.)
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 10:21 PM
Response to Reply #4
5. Geez making money puts you on the s list nowadays.
I guess this is what it comes down to.
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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 10:02 PM
Response to Original message
2. I would not say the pay was $131MM because
it was based on exercising stock options that had been accrued over several years - obviously still quite a bit!
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 10:04 PM
Response to Reply #2
3. And would those stock options be worth so much without the anticipated effects of the ACA?
Wow talk about a house worth picketing in front of.
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Mimosa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 11:54 PM
Response to Original message
6. WWWOW! YIKES...
Nice work if you can get it. But WE can't, can we?
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Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 11:59 PM
Response to Original message
7. Once it was a billion was it not? /nt
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