Only in America can someone make $85 million in a year and feel underpaid.

[kpete]

Hedge fund honchos bet on stocks. They bet on gold. They bet on lawsuits. Most of all, they bet that the rest of us will never wise up to the awesome giveaway our current tax code ladles on them.

By Sam Pizzigati

Only in America can someone make $85 million in a year and feel underpaid.

This past Friday, USA Today’s annual corporate CEO pay survey — the first major national report so far this year on 2010 executive pay — revealed that Viacom chief Philippe Dauman earned $84.5 million last year.

But Friday also brought new numbers on annual “top 25” hedge fund manager compensation from AR magazine, the hedge fund industry’s trade journal. The hedge fund earnings needed in 2010 to make this exalted top 25: $210 million, well over double the four-score millions that went to Viacom’s Dauman.

Last year’s top hedge fund kingpin, John Paulson, walked off with an astounding $4.9 billion in 2010 from his hedge fund labors. Paulson made more in a week than Dauman made for his entire year.



more:
http://toomuchonline.org/americas-billion-dollar-a-year-men/

[liberal N proud]

1. Their problem is they value cash over all else

No amount of cash will fulfill their feeling of compensated.

[BanzaiBonnie]

2. We don't do them any service by allowing this

They will never know satisfaction when so many others have so very little. Our founding fathers knew all this from watching the royalty. Those who are being given so much will never have to grow up.

We all breathe same air, fish out of the same ocean... what affects one, affects all. Japan has given us big lesson on this now. THe whole world will understand this soon.

[LuckyLib]

3. As I said on another post that contained this information, the purest definition of "obscenity."