There Is Currently No Shortage Of Corporate Profits

“…There is currently no shortage of corporate profits or excessive executive compensation to explain away the failure of the private sector to create jobs. On the contrary, as The New York Times reports, “In the fourth quarter, profits at American businesses were up an astounding 29.2 percent, the fastest growth in more than 60 years. Collectively, American corporations logged profits at an annual rate of $1.678 trillion.” And to add insult to injury, the top executives, who seem unable or unwilling to create jobs or adequately reward their workers, have increased their own compensation by a whopping 12 percent over the previous year, setting the median pay at $9.6 million per year for those in control of the leading 200 companies. The Times adds that “C.E.O. pay is also on the rise again at companies like Capital One and Goldman Sachs, which survived the economic storm with the help of all of those taxpayer-financed bailouts.”  (My bold & underline emphasis.)
http://www.huffingtonpost.com/robert-scheer/the-false-debate-on-the-d_b_848457.html

Yes sir, it’s the top 1% of American elite against the rest of us…and they are definitely winning.



.
funny pictures - Cheezus, son of Ceiling Cat, attempts walking on the wetter for the very first time.
see more Lolcats and funny pictures, and check out our Socially Awkward Penguin lolz!

Advertisements

About the word of me
Interested in family and friends,grandchildren, photography, darkrooms, history, archaeology, scuba diving, computers, software, fast cars, journalism, writing, travel, ecology, news, science, and probably most other subjects you could think of. Did I mention family and friends?? I require iced tea or cold brewed coffee and a internet connection to be fully functional. Sometimes there are just so many words in my head they spill out.

2 Responses to There Is Currently No Shortage Of Corporate Profits

  1. I have to agree with the “evil” tag for this one.

  2. the word of me says:

    Hello Deborah, thanks for writing

    🙂 Yes I agree, I didn’t hesitate a second to add that tag. Good day to you.

    Really like your blog…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: