War means a windfall for CEOs

[EV_Ares]

This shows why a president such as Bush can have a war now. These CEO's getting rich and richer, there is no draft so you cannot gather the massive demonstrations like Vietnam as there is no concern by those who choose not to fight in the conflict unlike there was no choice and a draft during Vietnam:

"Polls show majorities agree with anti-war leaders that the war was a mistake and that troops should come home soon. But unlike during the Vietnam era, when the size and strength of street protests gradually grew over time, the Iraq war initially produced massive demonstrations that have since petered out. On Saturday, only about 20,000 gathered for what was billed a major peace march."

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President Bush's military buildup and the conflict in Iraq have meant soaring profits for defense contractors and big paychecks for CEOs. But should we be concerned?

CEOs at top defense contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.
The chief executives at the seven defense contractors whose bosses made the most pocketed nearly a half-billion dollars from 2002 through last year.

The CEOs made an average of $12.4 million a year, easily more than the average corporate chief. Since the start of the war, CEOs at defense contractors such General Dynamics (GD, news, msgs), Halliburton (HAL, news, msgs) and Oshkosh Truck (OSK, news, msgs) have made, on average, more in four days than what a top general makes in a whole year, or $187,390.

Defense contractor CEOs are enjoying these big rewards partly because much of the war effort is being outsourced by an administration that believes private companies do things better than the public sector, say researchers at the Institute for Policy Studies and United for a Fair Economy.

"In the most privatized war in history, lucrative opportunities abound for chief executives of defense contractors," says Sarah Anderson of the Institute for Policy Studies.

$19.5 million a year
General Dynamics CEO Nicholas Chabraja tops the list of defense-contractor chiefs who have made the most money during the 2002-2006 defense buildup. Between 2002 and 2006, he pocketed $97.9 million, or an average of $19.6 million a year. Sales at General Dynamics have increased 76% from 2002 to 2006, largely because of bigger Department of Defense spending. The company got just 41% of its $10.2 billion in revenue from Defense Department spending in 2000. That grew to more than 70% by 2004-2005, and it stood at 62% of the company's $17 billion in overall revenue last year. In 2006, revenue from the Defense Department was $10.5 billion, up from $4.2 billion in 2000, according to company and government documents.

Link: http://articles.moneycentral.msn.com/Investing/CompanyFocus/WarMeansAWindfallForCEOs.aspx

[Double T]

1. Follow the money; there should be no wonder or doubt the USA.........

will 'occupy' Iraq for many decades. The PNAC has triumphed as the expense of our nation.