khaoticJustice: Wall Street

Showing posts with label Wall Street. Show all posts

Thursday, February 2, 2012

Wall St. "Fat Cats" Enjoy The Milk, But Won't Support The Crow.

They bristled when he called them "fat cats." They fought every step of the way, unsuccessfully, to prevent his financial reform bill from becoming law. And some who supported him in 2008 are now throwing their money at Republican presidential candidate Mitt Romney.

But for all their grumbling, Wall Street executives have fared exceptionally well under President Barack Obama. In fact, some of Wall Street's highest earners are making as much now, if not more, than they did under President George W. Bush.

Take Wells Fargo president and CEO John Stumpf. He made $18.9 million in 2010, compared to $21.3 million in 2009, $13.8 million in 2008 and $12.6 million in 2007. JPMorgan Chase CEO Jamie Dimon has also watched his paychecks fatten over the past three years: He took home $20.8 million in 2010, compared to $1.3 million in 2009 (when some bank executives took a pay cut because of the financial crisis), $19.7 million in 2008 and $27.8 million in 2007.

Sunday, January 22, 2012

1 % has 100 million dollar safe net, what you got?

It's not just executive compensation that's on the rise. A very solid number of executives at major corporations have also received payouts that Mother Jones calculates would be equal to the earnings of 203 lifetimes for a median income American.

More than 21 CEOs received severance or "walk-away" packages worth $100 million or more since 2000, a recent report from GMI has found. The report calculated the CEOs severance, or Golden Parachute as it's come to be called, by combining the various forms of compensation executives receive including a year's worth of annual base salary, stock option profits, stock awards, bonuses, benefits and perquisites, pensions and other deferred compensation. All told, the golden parachutes of the 21 CEOs were worth a combined $4 billion.