EMPLOYEE PAYCHECKS ARE SOARING! -- Hightower

[Donnachaidh]

http://jimhightower.com/node/7420?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+JimHightowerNews+%28Jim+Hightower%27s+News+and+Commentaries%29

Corporate America is back! The recession is over, corporate profits rose by 47 percent last year, and these giants are now awash in cash, having some $2 trillion stashed in their vaults. So, at last, the directors of corporate America are declaring that it's time for long-suffering employees to see their paychecks catch up to pre-recession levels.

Great, huh?

Oh, I hope you didn't think they meant your paycheck. No, no, Bucko. It's the CEOs the directors are concerned about. While plain old workers did receive a two-percent boost in their wages in the past year, practically every penny of this tiny increase was gobbled up by inflation. But top executives did much, much better, enjoying a median pay hike of 27 percent more than they got the previous year. This adds up to a nice round number of $9 million in pay for each of them.

Of course, many did far better than that mid-level number. The barista-in-chief at Starbucks, for example, poured $21 million into his cup. The big cheese at Disney Inc. snapped up $28 million for his year at the helm of the Mickey Mouse empire. Black & Decker's top tool got $32 million. But the richest haul of all was made by the honcho of the media giant, Viacom – he reeled in $84 million.

More at the link --

[CantAffordBootstraps]

1. Does anyone else think they are holding $$ and jobs

hostage in return for their US domination of us citizens - citizens being pimped out to them by repugs? Or am I getting paranoid? My other paranoid theory is that they don't want planned parenthood because as soon as they can defund the NLRA and abolish child labor laws, they're going to need all these poor children for sweatshops? Really, a thought I dont believe, but it keeps popping in my head.

:banghead:

[Donnachaidh]

3. with these rightwing terrorists ANYTHING is possible

We're getting revelations on a daily basis as to how low they plan on taking things. I don't expect morals or ethics from ANY of them.

We're in a war no one wants to acknowledge.

[The Doctor.]

2. Lovely.

Yeah, Been trying to point this out for a while.

Most of us have.

[gratuitous]

4. Gosh, they'd like to "create" some jobs

But darn it all, that negative tax rate is still too damn high! I mean, when you can pull down $14 billion and only reap a tax credit of $3.2 billion, why, things are just soooo unstable that a company can't risk hiring on extra help.