This will make your holiday brighter: CEO pay up 36.5%
GMI Ratings, a corporate governance watchdog, has released the results of its latest survey of CEO pay for fiscal 2010. It found that CEO compensation for companies in the S&P 500 rose by a median of 36.5 percent. Three of the 10 highest paid CEOs work in the health-care industry, including the top two.
According to the GMI survey, the best-compensated CEO in the country in 2010 was John Hammergren at McKesson, the world’s largest health-care company, with a total compensation package of $145 million. Under Hammergren’s contract, he will also collect $469 million as severance. Quite a “reward for performance” system there, when your “penalty” for getting fired is almost half a billion dollars.
Here are the Top Ten:
“The 36.5 percent increase in realized compensation is particularly notable when it’s put in context of the modest growth of the economy in 2010 and general public company performance last year,” according to Paul Hodgson, chief communications officer and senior research associate at GMI.
“Particularly notable.” Yes, I suppose that’s one way to describe it.
And as GMI further notes, “In several notable cases, performance objectives that were not met in 2008 and 2009 were satisfied in 2010, though often only because the targets had been reduced. For that reason, during 2010, a modest economic recovery led to a rebound for many CEOs resulting in the annual cash bonuses.”
When you can’t meet performance targets, you merely lower the targets and ka-ching!! Gotta love it, right?
And the best is yet to come. According to The Guardian, GMI Ratings “is expecting a rash of massive stock option bonuses as many firms awarded their top executives big option deals when the stock markets hit their lows in 2007-2008.
“There’s still a lot of money just waiting in the market,” said Hodgson. He described the upcoming awards as a “bombshell” likely to dwarf this year’s figures.
– Jay Bookman
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374 comments Add your comment
Normal
December 16th, 2011
1:26 pm
Granny G.,
“Most of us work from sun up to sun down every day…..and I mean every day.”
Last night, we were out “shopping” (reminded me of a slaughter house line) and for dinner we stopped at one of those Mexican “Roach Coaches”. A Mexican meal on wheels and damn good too. Anyway, the whole reason of this post is I noticed their hours of operation…10 to 10, seven days a week. You just have to admire the industry/energy….and in doing so, you just have to admire the people willing to do it. Examples like that give you something to think about…
1811/0311
December 16th, 2011
1:26 pm
Highest Paid Sports Columnists
http://thebiglead.com/index.php/2008/06/18/who-are-the-highest-paid-sports-journalists/
Highest Paid News Anchors
http://wiki.answers.com/Q/Highest_paid_news_anchor
John
December 16th, 2011
1:26 pm
What’s the point of the column? The shareholders can handle this – if they want to.
Jm
December 16th, 2011
1:26 pm
So jay has become a shareholder activist? That’s what this post is all about?
Well, what a surprise.
Kamchak
December 16th, 2011
1:28 pm
Your naivete relative to what it’s like to have responsibility beyond the head of a hammer is mind boggling…
I understand about responsibility, sport. But it seems as if the execs in corporate America don’t.
Why do you even care what these folks make?
Because if they were truly doing their job, demand for their products would be the top priority and not how big their golden parachute is.
Sure what they make and earn are separate issues but you get what you negotiate….
If by “negotiate” you mean having all your demands met by a hand-picked board, then yeah.
you’d be surprised how shallow the market is for folks who want the responsibility these folks assume…shocking but true.
Yeah, thirty years worth of graduates from the phlogiston schools of economics.
RB from Gwinnett
December 16th, 2011
1:29 pm
“Someone still needs to learn the difference between reporting and OPINION writing”
Really? So why all the whining from you liberals about Hannity, Rush, Boortz, Beck, talk radio in general, etc etc etc? Do ya’ll not know the difference?
I’ve given Jay plenty of opportunities to state he is not a journalist and is merely an opinion writer and has declined every time. If he wants to claim to be a journalist, that’s the standard he’ll be held to.
JB
December 16th, 2011
1:31 pm
Good stuff AMVet………………..But nothing happens in this country without the private sector ( except the military) without the private sector. They only collect the taxes to hire it done……from guess where……I’ve never seen the dept. of Transportation out paving a road or building a bridge, just say’n.
AmVet - Just say no to Republican fascists.
December 16th, 2011
1:31 pm
The shareholders can handle this – if they want to.
Patently fallacious.
They have NO say in executive compensation.
And if you were a shareholder, you would know that.
Welcome to the Occupation
December 16th, 2011
1:33 pm
RogersParkRob: “CEO pay being up what-ever percent is a stupid argument. Pro basketball and football players salaries are up just as much if not more. Why? Supply and demand”
What a joke. Professional sports salaries a reflection of “supply and demand”? It’s monopoly capitalism buddy.
(ir)Rational
December 16th, 2011
1:33 pm
So, this begs the question – why does anyone care?
Also, to stir the pot a little more. The guy at the top of the list made about $145 million. His company made about $106 billion in sales. Seems like he is doing pretty good at his job, why shouldn’t he be compensated for it? Also, if his company is profiting somewhere in the neighborhood of $100 billion annually, I don’t think he is screwing over his shareholders all that much.
RB from Gwinnett
December 16th, 2011
1:34 pm
“RB, give it a rest.”
NO.
Granny Godzilla
December 16th, 2011
1:34 pm
Stevie Ray
Well I hope they love what they do as much as I do. How do they compare to me?
I wonder how many CEO’s would work the hours I work for what I make
and the joy of a job well done?
I mean is international CEO-ing any more valuable than what I do? More profitable yes certainly, more valuable….not really.
ANd Stevie I’m still waiting on that shallow market info.
but valuable?
Paulo977
December 16th, 2011
1:34 pm
:Stop lying to the people of Atlanta, Jay. They deserve better.
________________________________
Oh GAWD RB from G…..get out of the rut!!!!
Jm
December 16th, 2011
1:36 pm
Jay is a shill for rich shareholders now
Silly
Jay is on the side of billionaires against the millionaires
Thulsa Doom
December 16th, 2011
1:36 pm
Oh lawdy. Jay and the libs are in a tizzy about a handful of CEOs making the same kind of bank a pop star,movie star, or stick and ball player makes and a few of them that make even more. As if the salaries of 10 people above is important in the great scheme of things. Is it a drop in the bucket and anyone with a rational mind knows it. Only the ones that react to emotional, knee jerk rhetoric cannot discern this obvious fact.
What do you want to do? Tax all 10 of the ones above to the hilt and apply it to the deficit? Fine. Lets pay all 10 of them 1 million and take the rest. We would raise a paltry 750 million roughly to apply towards the debt of I’m guessing 1.3 trillion. And libs think these few CEOs are the problem? Unreal! God help us from this insanity.
And how much of this money that is paid to these CEO’s is taxpayer money? I thought so. And how much will they have to pay back in taxes at a graduated rate? Yep. Quite a lot.
And is it a problem with taxpayers the amount of excessive compensation paid to the McKesson CEO? Nope. That would be the board and stockholders problem. Not mine.Not yours.
I see Aetna is in there with their CEO getting paid 57 million. I’ll not be selling their plans. That’s my choice. And if you don’t like them, Mckesson, or any of the other companies that you feel pay their execs excessively then don’t buy their products and don’t encourage friends,family, or business associates to do business with them if it bothers you so. See there. Problem solved.
They BOTH suck
December 16th, 2011
1:36 pm
RB
Not sure if you know this but this isn’t your blog. You are just a cry baby guest
It is not for Jay to justify how he defines himself or his writing to you
When we area all on YOUR blog than you dictate what people need to justify
1811/0311
December 16th, 2011
1:36 pm
“Probably the greatest harm done by vast wealth is the harm that we of moderate means do to ourselves when we let the vices of envy and hatred enter deep into our own natures.”
Theodore Roosevelt
“Thou shalt not covet thy neighbour’s house, thou shalt not covet thy neighbour’s wife, nor his manservant, nor his maidservant, nor his ox, nor his donkey, nor any thing that is thy neighbour’s.”
Exodus 20:17
JB
December 16th, 2011
1:36 pm
Why doesn’t Obama just run an Ad that say’s, here’s the deal. We’re taking it all and giving each of you 20,000. Let it be written, let it be done…………………It would solve one problem…..We wouldn’t need border guards anymore.
RB from Gwinnett
December 16th, 2011
1:37 pm
“Oh GAWD RB from G…..get out of the rut!!!!”
Stop hating people for disagreeing with you, Paulo. Don’t be a hater.
Kamchak
December 16th, 2011
1:38 pm
Somebody please make me a list of all the things that have come out of the private sector to improve the world ( Medicine,manufacturing,communications, computers, traveling, etc) vs what Washington and the Feds have contributed?
NASA alone accounts for many of the advances in medicine (human body monitoring devices), miniaturization (gotta make those components small and lightweight to get ‘em out of earth’s gravity) and one of the most well known and widely used lubricants (no, not that kind) on the market today — WD 40. Originally it was a water drying agent.
AmVet - Just say no to Republican fascists.
December 16th, 2011
1:38 pm
JB, you should read up on two examples out of many, regarding private sector industries.
First learn about the history of nuclear power in this country. Guess who ran the very first nuke plant in America?
Yep, the post-Manhattan Project Uncle Sam.
He basically gave away that technology to the private sector, who of course ran with it. (And still receives zillions of dollars in subsidies form him/usto make a go of it.)
Secondly read about research for how many of the modern day miracle drugs were done in public university laboratories and again sold at give away prices to BIG pharma.
Who then screwed over Uncle Sam by not even allowing him to buy them back at bulk rates.
There are many more examples.
Yep, THIS is the legacy of American corporations who have supplanted we the people as the sovereigns of this country. And who now in both de facto and de jure definitions, own our government.
Which is what the GOP since Ronald Reagan has fought relentlessly for.
Admire your handiwork, cons…
(ir)Rational
December 16th, 2011
1:39 pm
JB – Please explain that last sentence. I truly don’t understand.
getalife
December 16th, 2011
1:40 pm
cons want them to have all the wealth and then they will stop carrying their water.
Doggone/GA
December 16th, 2011
1:40 pm
“The shareholders can handle this ”
No, they can’t. If you read a bit more you’ll see where it has been stated several times that shareholders have NO SAY in CEO compensation.
They BOTH suck
December 16th, 2011
1:41 pm
1811/0311
Nice verse…….. you forgot to mention how hard it is for a rich man to get into heaven
Something about a camel and the eye of a needle I believe
You have to love those Christians who are selective in their verses
Hope you are having a great day… scout
getalife
December 16th, 2011
1:41 pm
How are you feeling Scout?
sparkler
December 16th, 2011
1:41 pm
If you’re wondering why health care costs are so high, just look at this list. Next step is to reform health care INSURANCE and vertical costs….totally ridiculous equation.
David Mattei
December 16th, 2011
1:41 pm
I enjoy all your comments, have a very merry., life is good I think….but Im ready to go back with Andy and Opie, and June and Ward.. Ciao
JB
December 16th, 2011
1:42 pm
(ir)Rational…………I hope you’re kidding……But the simplest way to judge a country is by looking at how many people are trying to get IN vs getting OUT…..Example would be say us vs Cuba.
Paulo977
December 16th, 2011
1:42 pm
Normal…..: You just have to admire the industry/energy….and in doing so, you just have to admire the people willing to do it. Examples like that give you something to think about…
______________________________________
Well said, with a powerful example too. But of course bigots will have their own ‘blind’,inane, ways of contesting fact!!
RB from Gwinnett
December 16th, 2011
1:43 pm
“When we area all on YOUR blog than you dictate what people need to justify”
Seriously??? You’re dictating to me what I can and can’t do on this blog that you don’t own?
Let me know if I need to explain the irony of that to you……
Stevie Ray
December 16th, 2011
1:43 pm
KAMCHAK,
Thanks for our response..I’m really not much of a “sport”. I reckon I hit a nerve in that respect and know I meant nothing personal simply that value is commensurate with responsibility…in this case in terms of capital at risk, employees dependent, and possibly customers who need the product you sell. Anyhow, I’m not sure what level of responsibility you suggest you maintian relative to these greedy corporate executives who literally have the livelihood of thousands, sometimes hundreds of thousands at the hest of an wrong market decision, poor acquisition, poor hiring resulting in say…a rogue trader costing you a billion of shareholder value. I’m also interested in hearing why this is such a problem and costing you money as well as how you propose government fix this in the event the majority felt this is a real problem or not…Thoughts?
Thulsa Doom
December 16th, 2011
1:43 pm
“I mean is international CEO-ing any more valuable than what I do? More profitable yes certainly, more valuable….not really.”
Granny,
Its slightly more complicated than that. You have to remember that they are confronted with multiple important decisions to be made on a daily basis that requires a much more special skill set than what you,I, or Jay possess. And the decisions that they make effect tens of thousands of employees and their families, tens of thousands and possibly millions of customers, and millions of people who hold stock of that company in their govt pension fund,their mutual funds in their 401ks, and individual stock portfolios. The responsibilites are enormous and while I feel that the McKesson CEO’s pay is extremely excessive I would like to hear the other side of the story as to why he was so handsomely compensated.
Mick
December 16th, 2011
1:43 pm
doom
Before you go too far flying off your handle just remember that we are all part of the same hypocrisy here. That being said – go to town…
the RB debate style
December 16th, 2011
1:44 pm
If you can’t win with reason, win with volume and repetition.
JB
December 16th, 2011
1:46 pm
AmVet….I know all about Feds vs the private sector……And do know that the only chance of financial success is in the private sector……………..Unless , as all Congressmen do…..Get to Washington middle class….and leave rich……..And THAT IS A CRIME.
Erwin's cat
December 16th, 2011
1:47 pm
Is calling someone a bigot, bigotry in itself?
Kamchak
December 16th, 2011
1:48 pm
Anyhow, I’m not sure what level of responsibility you suggest you maintian relative to these greedy corporate executives… [...] …Thoughts?
First and foremost?
I may have been born at night, but it wasn’t last night.
I won’t defend words that I didn’t use.
Jm
December 16th, 2011
1:48 pm
Yamma damma ding dong
(ir)Rational
December 16th, 2011
1:48 pm
No, I really wasn’t kidding. My mind didn’t take it there. Also, I’ve been away so long, I didn’t know from your tone (which is funny, cause how do you judge tone on a blog?) if you thought that was a good idea or a bad one. I understand your point, but still think we would have a huge problem with an influx of illegals coming in (what moochers wouldn’t want in?) and then they would probably have to have Soviet style border guards to keep the producers in the country with their money.
carlosgvv
December 16th, 2011
1:48 pm
Many times in the past, when the disparity between the few rich and many poor has become intolerable, revolution of some type has been the case. And yet, few in America, especially among the rich, probably ever think of this. For some reason, most Americans think they are immune to the tides of history. Well, we’re not. Sooner of later, one way or another the chickens are going to come home to roost on this sorry state of affairs.
JB
December 16th, 2011
1:48 pm
The answer. Term Limits.
They BOTH suck
December 16th, 2011
1:49 pm
RB
You need not explain a thing………. just cry as you do daily.. nothing changes but you are consistent
Once again… you can ask, demand, request but Jay owes JB nothing
getalife
December 16th, 2011
1:49 pm
gop house just spent another trillion.
Jm
December 16th, 2011
1:50 pm
I hate bigots. I really hate them.
I hate hypocrites too. They are so full of hate.
Stevie Ray
December 16th, 2011
1:50 pm
GRANNY,
Not sure about data you are requesting about the limited pool of interested and qualified CEO material but if you recall your economics, the cost is inversely related to supply of interested and otherwise qualified applicants ergo, if the supply or qualified applicants was bountiful, the compensation would be the inverse…or much less and more competitive.
I can tell you that plenty of CEO’s et al work longer hours than most of us but can’t really opine on happiness and have not idea what you do but it must be a dream come true to be able to do what you love…
To the extent these corporations discover new techology, drugs or services that make our lives better or keep millions employed, yes, they are certainly more valuable in a monetary and often humanitarian sense than me…can’t speak for you of course.
Jm
December 16th, 2011
1:52 pm
Jb term limits? For ceo’s?
Btw gabelli is smart. And sneaky. Did a deal with him once….
Stevie Ray
December 16th, 2011
1:52 pm
KAMCHAK,
I have no idea what your most recent response means. What does the hour and day of your birth have to do with our dialogue? What words did I put in your mouth?
Guy Incognito
December 16th, 2011
1:53 pm
“win with volume”
Reminds me of a joke:
How do you sell chicken to a deaf man?
YOU WANT TO BUY SOME CHICKEN?
Granny Godzilla
December 16th, 2011
1:53 pm
Thulsa
I know all that.
It still does not make their effort of any greater value than yours.
Thulsa Doom
December 16th, 2011
1:53 pm
Jm,
So Jay is in fact now a shareholder activist! Personally I like shareholder organizer better.
They used to call Obama a community activist but then they changed it to community organizer because the word activist connotates a rabblerouser stirring things up. Same with Jay in his new crusade to protect shareholders. He shall henceforth be known as the stockholder organizer.
JB
December 16th, 2011
1:53 pm
Yea carlosgvv, like that rich guy going around paying off all those layaway balances for working people……..What the hell is he doing……He ought to be at home burning his money rather than helping people….LOL…………………..I’ll tell Libs something that would shock with a little research. Look at Charity giving of conservatives vs Libs….I’ll make the first search easy. Look up Obama/biden vs what Bush/Cheney did……Enjoy that surprise.
getalife
December 16th, 2011
1:54 pm
In two days, the gop house spent 1 trillion and 662 billion.
Where are the fiscal cons?
Granny Godzilla
December 16th, 2011
1:54 pm
Stevie
It is information you alluded to earlier.
Please review and report.
Jm
December 16th, 2011
1:54 pm
Getalife
That’s a standard spending bill
Not some BS stimulus
You’re the last person to be advocating for smaller spending and you’re not
Droner
Kamchak
December 16th, 2011
1:54 pm
The answer. Term Limits.
Geez…not this crap again.
Seeing as how reelection rates are hovering in the 80-90% range, it’s a safe bet that anyone whinging about term limits isn’t talking about hers/his congress critters.
JB
December 16th, 2011
1:55 pm
about to puke….Ya’ll have a safe weekend…..
Normal
December 16th, 2011
1:55 pm
Jm
December 16th, 2011
1:50 pm
I hate bigots. I really hate them.
“I hate hypocrites too. They are so full of hate.”
Since you’re hatin’ so much, which one are you?
Chappy
December 16th, 2011
1:56 pm
Three Out of the top ten are health insurance companies, and a fourth a drug company backs up my thoughts of the government mandated healthcare program being the teens version of the 90’s mortgage scam. Mortgages for everybody tanked the world economy. Our government is on the verge of shutdown how many times in the last 6 months because it can’t pay it’s bills. Our unemployment rate is unpublished as politicians and most media prefer to view it only from the number of people getting claims, not the thousands of families now homeless and destitute and long past getting benefits or having any hope of entering the work force any time soon. The diminished middle class of America is supposed to suddenly have a bunch of money to buy insurance?
News flash from someone who worked I. This industry briefly: insurance isn’t healthcare. These co.s hire very smart people and pay them BIG bucks to come up with schemes NOT to pay claims. All kinds of devious plans to accomplish to goal of corporations, and that is to make money for their investors. People don’t exist, only numbers and figuring out how to reduce payout. Prior to the beginning of the takeover of the medical field by insurance companies, healthcare costs were generally affordable. Suddenly managed care appears on the scene and doctors are told what they can charge, ostensibly lowering the cost of healthcare, but that wasn’t so was it? Medical insurance companies are why the costs have done nothing but rise. You don’t get to the top of the
About heap unless your raking in the dollars, not paying them out.
Govt. Healthcare is a big giant scam. Our govt. Ought stay out of taxing it’s citizens to send powerful rich CEO’s pay into the ridiculous stratosphere.
While I worked for one of the largest ones in the US, they were phasing out their scheme that off the bat declined maternity claims. Taking immoral advantage of women during the most stressful difficult time of their lives in order to make the inevitable windfall coming from women who pass the time frame given to submit claims because they are missing sleep, having to return to the work force and juggle babies and work and commute and lack of sleep while the coverage they legally paid for was expiring in unopened envelopes because of lack of time. It was a criminal enterprise that was being investigated by a couple of district attorneys so they were phasing out an AUTOMATIC decline for bills they should have paid. This industry is rife with greed and criminal negligence and just to talk about what I saw makes me angry. Angry with those smug people proud of their immoral wealth and angry at the ties between those corporations and my lawmakers that are trying to get even more pigeons to pay into their coffers.
They did not get to the top of this heap honestly. The scam I mentioned is only one of many that a few brave district attorneys are and have been investigating over the last few years. The thieving spirit of wall street is alive, well and active in the healthcare insurance field.
TaxPayer
December 16th, 2011
1:56 pm
What! Not a single complaint logged by a Republican about the outlandish taxes these poor CEOs pay! I’m flabbergasted. What is wrong with you Republicans! Offer up higher taxes so these job creators can have greater tax cuts and hence the ability to continue to employ you.
getalife
December 16th, 2011
1:56 pm
jm,
No wonder the gop will not stop spending.
AmVet - Just say no to Republican fascists.
December 16th, 2011
1:56 pm
AmVet….I know all about Feds vs the private sector.
???
HUGE red flag there JB
If you did (and nobody does), you would never have written that 1:22.
Look at the United States military. It has always been years and years ahead of the private sector in the most cutting edge, sophisticated whiz-bang gizmos. (Even in the dark ages when I worked on gyroscope and accelerometer based navigation systems!)
The mutually beneficial partnership between Uncle Sam’s actual war machine and the DoD contractors is irrefutable.
And sadly it is also HIGHLY corrupt, wasteful and abusive.
But again that is by design so that a very few “win” and most of us “lose”…
Welcome to the Occupation
December 16th, 2011
1:56 pm
carlosgvv: “Many times in the past, when the disparity between the few rich and many poor has become intolerable, revolution of some type has been the case.”
Yep. Last time it happened, it was one of their own who managed to come along at the right moment and prevail against the forces of inertia in his own class: a patrician. Nowadays, there are no Roosevelts anywhere on the horizon. And that’s good for the mega wealthy class in the short run, bad for us. In the long run of course, it’s bad for everyone.
“And yet, few in America, especially among the rich, probably ever think of this”
Up until this year I think I would agree. But not since OWS. Based on the actions of the mayors, not to mention others, to rein in OWS and still tape over its mouth to gag it, they’re taking these realities VERY seriously. They are almost in a frenzied determination to get these revolutionary impulses stopped ASAP. And in that, they show their utter rottenness and corrupt stupidity. Roosevelt knew better. He knew that ultimately the wealthy have but one choice: somehow co-opt revolutionary anger or face all out revolution.
(ir)Rational
December 16th, 2011
1:57 pm
carlosgvv – What is so bad about people being justly compensated for the work they do? I couldn’t care less if some CEO of some company or another was making $5 billion a year, even if I were a shareholder. Going off the simple logic that if the company can pay him $5 billion a year, chances are the company can afford it. And in the end, that is all that matters. Salaries should be more of a private thing, where I know what I make, and my employer knows what I make, and my spouse knows what I make, but it ends there. If my employer can’t pay me what I I’m worth (and no matter what I feel, the market will set the standard for what I’m worth), then I’m free to move on and seek other employers who will compensate me more for my time. At the same time, most employers understand that if they want to keep the talent they have, they had better make it worth it to the talent to stay. Whether they do that by making it an awesome place to work (like Google) or by paying them huge amounts of money, they’ve got to do something. But then again, to say it is okay for someone to be paid what they’ve earned is probably bad here isn’t it?
Also, why should people who (though they seem to think they’re poor, abused, held down by the “man” and whatever else you want to say about them) typically enjoy a higher standard of living than most people do in most other parts of the world, rise up against the very people that enable them to enjoy that standard of living? Because a group of them, aided by a biased media seem to think it isn’t fair that they aren’t given more than they’ve earned? Oh, and while I’m still on my soap box, I’m going to ask someone to give me a real definition of what exactly is “fair.”
Thulsa Doom
December 16th, 2011
1:57 pm
JB,
I gotta call BS on your charity giving comparison between Bush/Cheny and Obama/Biden and cons vs libs in general. Everyone knows that cons are far more charitable in their private charitable giving and that libs are pretty damn stingy with their own money. Its not even something libs dispute.
But overall libs are far more generous because they freely give other taxpayers money at their leisure. Libs are extremely generous with other people’s money and there in lies the difference.
Stevie Ray
December 16th, 2011
1:57 pm
JAY
Have you finished new OP regarding Freddie/Fannie charges yet? I sense this will be one of your most significant challenges in terms of keeping a straight face arguing for the left:-)
Kamchak
December 16th, 2011
1:58 pm
I have no idea what your most recent response means.
That is the number one sentiment that you post here. Ever wonder why you can’t understand people here?
Jm
December 16th, 2011
1:58 pm
Doom
Jay the shareholder organizer
Very funny
TaxPayer
December 16th, 2011
1:59 pm
And while you Republicans are defending the indefensible, remember to continue to push for the removal of that Obamacare requirement that forces healthcare companies to actually spend part of those insurance premiums on those that they collected them from. The horror. How’s a poor CEO to survive under the weight of such burden as providing what they claim to provide.
Tommy Maddox
December 16th, 2011
2:00 pm
Shame on Ralph Lauren for making clothes that everybody likes! The nerve of that guy!!
Thulsa Doom
December 16th, 2011
2:01 pm
Chappy
December 16th, 2011
1:56 pm
Three Out of the top ten are health insurance companies
Chappy,
Wrong. Only 1 Aetna was actually a health insurance company. The other 2 McKesson is a health care company with several different business areas and Omnicare is pharmaceutical but from what I can tell is not an insurance company.
AmVet - Just say no to Republican fascists.
December 16th, 2011
2:02 pm
Everyone knows that cons are far more charitable in their private charitable giving…
Doom, have never really researched this, so I’m going out on a bit of a limb here, but I believe if you take giving money to the fiscally irresponsible, big, bearded white guy upstairs (LOL!) out of the equation, the gap becomes fairly negligible…
TaxPayer
December 16th, 2011
2:03 pm
Everyone knows that cons are far more charitable in their private charitable giving and that libs are pretty damn stingy with their own money. Its not even something libs dispute.
What’s a “lib” and how does one make that leap of faith from a study of conservative versus liberal charitable giving in one particular tax deductible environment to a claim that Republicans are more charitable than Democrats.
ty webb
December 16th, 2011
2:03 pm
and Tom Brady and Leo Dicaprio, are not only millionaires, but they get to shag supermodels too…oh the humanity!…It’s just not fair. Please Government, Take more of my money.
(ir)Rational
December 16th, 2011
2:03 pm
Tommy – It is a shame that all of these people are producing goods/services that people want and need. Why I think they should just give them away at cost because people want/need them! The horror! I’m full of pout-rage about it – oh, hold on just a minute while I find the cord to plug in my Macbook and answer a call on my iPhone. Now I have to get my Ralph Lauren suit dry cleaned cause I spilt my Starbucks coffee all over it.
(ir)Rational
December 16th, 2011
2:04 pm
ty – Be careful what you wish for.
getalife
December 16th, 2011
2:04 pm
Freddie/Fannie are congressional failures so they will not look at it.
Plenty of blame to go around.
I would like to see the list of names.
I know the newt was a leader on that issue.
RB from Gwinnett
December 16th, 2011
2:04 pm
“You need not explain a thing………. just cry as you do daily.. nothing changes but you are consistent”
Nice… on yet another blog posting with liberals cyring about what other people make. More of that irony….
Welcome to the Occupation
December 16th, 2011
2:06 pm
(ir)Rational: “What is so bad about people being justly compensated for the work they do? I couldn’t care less if some CEO of some company or another was making $5 billion a year, even if I were a shareholder”
Striking how non-political you see all of this. It’s as though you see it as all taking place in a big vacuum. Why do you think that who gets to write the “rules” for corporate governance in an economic system is a-political and of no moral significance?
The distinguishing feature of our age is the triumph of a certain narrative that wants people to believe it’s “natural” for people to sit atop corporations and make incomes into the hundreds of millions.
Stevie Ray
December 16th, 2011
2:08 pm
WELCOMETOTHEOCCUPATION,
Wow, that’s quite a position of the value of a baseline socialist approach to our way of life ( am i reading you correctly?) Anyhow, I’m not aware of any long-term successful socialists models that offer the same opportunities and less oppressive governance than what we have. Can you refer me to any in the past or current that I can relate to? Seems to me any experiment with Marxism ended with more disparity between classes, more corruption, more oppression and less (what we define as) freedom.
getalife
December 16th, 2011
2:09 pm
wealth envy card.
Too funny.
(ir)Rational
December 16th, 2011
2:09 pm
Welcome to the Occupation – And the horrible failure of our age and education system is for people to look at that guy sitting at the top of that corporation and not think “Hey, one day that could be me. All I have to do is work hard, get a good education and maybe I’ll get to be one of those guys that has it all.” I don’t understand how you can see someone who has obviously been so successful in life and not want what he has. I know that’s one of the reasons I get up in the morning.
Paul
December 16th, 2011
2:10 pm
RB from Gwinnett
“My comment was that YOU wouldn’t do it, not some random attorney. You just sit at the computer all day and whine.”
How many times do you have to hear what happens when you ASS-ume?
BTW – shifting from the concept to the personal? Astute readers know you’ve ceded the argument.
getalife
December 16th, 2011
2:11 pm
bachman is a pit bull on her corruption charges on the newt.
Performing better than expected.
Attack!
Stevie Ray
December 16th, 2011
2:11 pm
KAMCHAK,
Being nebulous and judging me as misunderstanding or not subscribing to the obligatory sheepish rants by many, a spirited debate does not make. Please point out any aspects of my positions submitted to you today that suggest I don’t understand….we may disagree but alledging lack of understanding and changing the subject to attack me personally as opposed to my position speaks volumes of your decline to continue keep to the matter at hand.
larry
December 16th, 2011
2:12 pm
Didnt McKesson just announce a huge layoff a few days ago ? Maybe if they took some of that 145 million, they would not had to layoff so many people .
Its all about priorities . No one man or woman is worth that much money. But yet, they just put a lot of people on unemployment.
Tommy Maddox
December 16th, 2011
2:12 pm
Honestly Jay: why should we care what someone else makes? What purpose does that serve?
They BOTH suck
December 16th, 2011
2:12 pm
RB
Not one post mentioning who made what or when they made it, but nice try
Just merely calling out your usual cry baby rants about you asking Jay to say this or that
Keep up………..
Your talking points are mundane………….. however you do get an A for effort
Interesting Note
December 16th, 2011
2:15 pm
Interesting that the top two are related to health care…. Guaranteed their compensation is tied to profit and I can’t wait to see what their income will be after 2014 when Obamacare kicks in and millions of currently uncovered individuals will be forced, by threat of income tax (aka jail) to buy insurance.
Jm
December 16th, 2011
2:17 pm
Wonder what jay’s pay raise was.
(oops, libs might think i have wealth envy, but I probably make more than Jay)
Jay you can just tell us in % terms
You evil shareholder organizer you
(ir)Rational
December 16th, 2011
2:17 pm
larry – What do you think the maximum is that someone should make? And when did you get the power and the omniscient to know how much everyone is worth?
Interesting Note
December 16th, 2011
2:18 pm
Idea for tomorrow’s story, Jay -
President Obama postponing his executive order on Executive Branch travel expenses to allow Michelle and the kids to head to Hawaii early…. Another ‘Do as I say, not as I do’ perhaps?
Jm
December 16th, 2011
2:18 pm
Getalife
Bachmann is a good person
Not pouts material necessarily, but a good person
Kamchak
December 16th, 2011
2:20 pm
…changing the subject to attack me personally…
Attack you?
Victim much?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Heading upstairs now.
RB from Gwinnett
December 16th, 2011
2:22 pm
“Not one post mentioning who made what or when they made it, but nice try” What are you talking about here?
“Just merely calling out your usual cry baby rants about you asking Jay to say this or that” You do know one of the tenents of communism is complete control over the media, right? What percentage of the Atlanta print news market do you think the AJC controls and to which side do they lean? Hint: 95% of the people they’ve endorsed for public office have a D by their name.
Stevie Ray
December 16th, 2011
2:23 pm
GETALIFE,
Hi, did you miss me?:-)
Like it or not, the GSE’s demise began in the mid to late 1990’s with most of the damage done circa 2001-2005….the allegations involve those D’s and O’s from 2006 to 2008 give or take. I’m no FIGNEWT fan and believe he had engaged in errors or omissions while paid, he is tip of the “looters” iceberg. Here are the names you will hear about the most: Rahm Emmanuel, Ton Donnilon, Bill Daly, Jamie Gorelich, Franklin Raines, Ken Doberstein, Bob Zoellich to name a few. The list is bi-partisan but more are democrats (many protected by Barney Frank and other leaders) and the connection of toxic loans and NCRA is stunning.
Butch Cassidy
December 16th, 2011
2:24 pm
RB from Gwinnett – “Maybe instead of whining endlessly about what other people are paid, you armchair qb liberals on here could start your own company and make your own decisions about what to do with your bounty.”
Which one of those CEO’s started the company? Also, why is it okay to lower performance metrics for the CEO but not the rank and file?
Thulsa Doom
December 16th, 2011
2:26 pm
Op-Ed Columnist By NICHOLAS D. KRISTOF
Bleeding heart tightwads
http://www.nytimes.com/2008/12/21/opinion/21kristof.html
Published: December 20, 2008
Taxpayer,
Don’t worry pardner. I’m always available with the facts for ya. Especially when they come from a liberal writer in a liberal Newspaper the NY Times.
This holiday season is a time to examine who’s been naughty and who’s been nice, but I’m unhappy with my findings. The problem is this: We liberals are personally stingy.
Liberals show tremendous compassion in pushing for generous government spending to help the neediest people at home and abroad. Yet when it comes to individual contributions to charitable causes, liberals are cheapskates.
Arthur Brooks, the author of a book on donors to charity, “Who Really Cares,” cites data that households headed by conservatives give 30 percent more to charity than households headed by liberals. A study by Google found an even greater disproportion: average annual contributions reported by conservatives were almost double those of liberals.
Other research has reached similar conclusions. The “generosity index” from the Catalogue for Philanthropy typically finds that red states are the most likely to give to nonprofits, while Northeastern states are least likely to do so.
The upshot is that Democrats, who speak passionately about the hungry and homeless, personally fork over less money to charity than Republicans — the ones who try to cut health insurance for children.
Stevie Ray
December 16th, 2011
2:27 pm
KAMCHAK
I’m only a victim of myself….you are not capable (nor is anyone anywhere) of victimizing me…I learned that in recovery. How funny is that!
Good job of sutlely picking selective nits of my postings i sense to avoid real issues but we can play another day.
Hope we can play again soon..
getalife
December 16th, 2011
2:28 pm
sr,
Add phil gramm, dick army, greenspan and the rest of the gop to that list.