Millions to pay a failure.

[undergroundpanther]

Minimum wage is:$5.85 per hour
Disability pays:$637.00 a month
Food Stamps Pays:$21.00 a month

I get $637.00
My electric bill was $111.00 and some change.Phone around $50
Water around $60,Trash $25, Groceries $200.00 roughly for a month.
Other stuff like shampoo,TP,house cleaning crap,laundry, cat food ect.ect...$120.00 a month. And there is medicaid copays and other shit that comes up. I manage well ,but by the last week of the month because shit costs so much I am broke.Everything I buy with my money goes into a CORPORATE pocket somewhere.

Who's the bigger parasite on society?

CEO salaries and golden parachutes ARE also subsidized by taxpayers as is my $637 existence pay..They are getting the equivalent of millions in welfare..Literally.The rich ceo gets millions in welfare.And there are many Ceo's.
Why does a failure Ceo get millions,while I barely exist? What makes a failure Ceo better than ME? Obviously he does not deserve or need the welfare subsidy.But yet the government with your taxes bails out companies crashed and wrecked by stupid Ceo's.Many people loser their jobs,they might get for example, in New York State you're entitled to collect up to a maximum of $405, which is half the state's average weekly wage.

But if A Ceo loses his job, and crashes a company he's set for life.

Who's the big parasite on the taxpayer??


In Invite readers to
Compare my cost of existence and what I get
to how much money failed Ceo's cost the taxpayers:

More on corporate welfare
http://www.cagw.org/site/PageServer?pagename=reports_corporatewelfare
The Favor Factory
http://community.seattletimes.nwsource.com/favorfactory/
http://www.pinnaclenews.com/news/contentview.asp?c=185200
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article3200442.ece

Stanley O'Neal, Merril Lynch: $160 million, including more than $129 million in stock and options. O'Neal takes the fall for failing to adequately control the firm's credit and market risks, which resulted in a stunning $8 billion-plus write down in the third quarter.

Philip Purcell, Morgan Stanley: $43.9 million plus $250,000 a year for life after being forced out. He angered a group of shareholders who had already called for a break up of the firm by reorganizing management and promoting some executives who were seen as loyal to him. The dissident shareholders won out.

Richard Grasso, New York Stock Exchange: Took $140 million in deferred compensation and the disclosure of that payment sparked a furor that led to his departure. The pay also provoked an investigation and lawsuits, which are still being worked out. Grasso has vowed to fight.

Douglas Ivester, Coca-Cola: Took $120 million when he stepped down in 2000 in his mid-50s. The departure was deemed a "retirement," but Ivester had presided over a period of stagnant growth, declining earnings and bad publicity.

Robert Nardelli, Home Depot: $210 million. He fixed up the home products retailer using techniques he learned as an executive at General Electric, but by 2006, he was starting to seriously irritate shareholders. The final straw was when he told the board to skip the annual shareholder meeting and prevented shareholders from speaking for more than a few minutes. He was ousted in January 2007.

Bruce Karatz, KB Homes: Gets up to $175 million. The former chief executive of the home building company resigned in November 2006 after an internal investigation into whether he and other executives backdated stock option grants. Stephen Hilbert, Conseco: Took an estimated $72 million.

Hilbert bought GreenTree Financial in 1998, just as the subprime lending business was about to go topsy turvy. The purchase left Conseco, an insurance company, with big write downs and ultimately contributed to its 2001 bankruptcy. The company has since reemerged from reorganization.

Michael Ovitz, Disney: $140 million after less than two years on the job. A former big-time Hollywood agent, Ovitz was recruited to Disney to work under Chairman Michael Eisner, but the two couldn't play nice. The pay was disputed in a Delaware court, which decided
in 2005 that the board didn't violate its fiduciary duty in awarding that much severance.

Hank McKinnell, Pfizer: $198 million, including $78 million in deferred compensation he built up in 35 years at the pharmaceutical company. Pfizer shares sank 40% on his watch, which ended last year. The company had to cut billions in costs and fire thousands of employees, and said it wouldn't see revenue growth until 2009.

Frank Newman, Bankers Trust: $55 million. A former deputy Treasury secretary, Newman was brought to Bankers Trust to restore confidence after the 1994 derivatives scandal. He made aggressive moves into technology banking and lending (buying boutique Alex. Brown & Sons in 1997). But that push plus a big position in Russian government bonds, put the bank on the brink. Newman left in 1999 after selling the company to Deutsche Bank.

http://www.finfacts.com/irelandbusinessnews/publish/article_10004703.shtml
http://www.houseoffusion.com/groups/cf-community/thread.cfm/threadid:25303#245761
http://latimesblogs.latimes.com/laland/2008/01/mozilo-severanc.html
http://www.smartmoney.com/editorspage/index.cfm?story=20070103


Poor people,Homeless people,minimum wage workers, the disabled they are NOT the enemy of the middle class eating half of every paycheck, The failure CEO and the corporate welfare corporations get from government rewarding them for incompetence,and bailing them out that is the biggest parasite.

[ulysses]

1. your parachute is golden

because you're being pissed on. Good thread.

[yourout]

2. Runaway Corporate greed picked up steam in Clintons second term and has skyrocketed under Bush....

The Japanese have a much more sensible ratio of Executive vs factory worker pay.

The level of boardroom greed in this country sickens me.

[thunder rising]

3. It's time to return a little respect to the working folks of America. goOBama

[Warpy]

4. Too many years ago for me to admit, someone I didn't like

very much who was drunk on his ass, coked up and rambling, said one of the wisest things I've ever heard, "You always need to consider what kind of weasel is ending up with your money."

I've never forgotten it. It's why I've learned to cook whole foods and like them, why I learned to make my own clothes and wear them with pride (wonky seams, stray threads and all), and why I had to be dragged kicking and screaming into the computer age, buying refurbished boxes at auction that cost less than the Microshaft programming would as a stand alone.

I think you also have to consider how much misery, human or animal, went into any product you buy. I confess I wear leather shoes much of the time, but my feet don't do well in plastic. I don't eat much meat mostly because I don't like it but partly because I restrict myself to grass fed beef and free range chicken or turkey or an occasional piece of fish.

The best way to get a handle on your spending is to do what my drunken, coked up acquaintance suggested and consider what kind of weasel is getting your money. Since all but a few corporate types are total weasels, you want them to get as little as possible.

Poverty is the most devastating WMD devised by men. The cause of poverty is wealth concentration into the hands of a few weasels. Never forget it.

[CaptJasHook]

5. You certainly aren't my enemy.

Everyone who owns a piece of socially irresponsible stock and supports those CEOs are complicit in the scamming of the masses. Law makers who continue to treat Corporations as human beings are my enemy. The woman or man who drives down the road in their shiny white Hummer is my enemy. The bastards behind gated community walls, and the developers who put them there, those are my enemy.

They don't know it. They think they are living the American dream. They have no clue about the true cost of their lifestyle.

Peace