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CEOs Land With Golden Parachutes

When General Motors CEO Rick Wagoner stepped down under pressure from the White House, it made big news. What didn't cause much of a stir were the pension and other benefits he'll float away with worth roughly $23 million. Wagoner is only the latest in a long list of executives who've gotten very rich while their companies tanked.

posted by truth-is-the-nemesis
4/3/2009 6:28:55 AM

Views: 757

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4 Comments

Current View: 15 / Show all Comments

dude_from_detroit : LVL 22: VP 3.1: said:

Hidden (Show Comment) 3 votes

235 days 17 hours ago...

If they put his head on a stick it would send a better message

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Jonas22 : LVL 44: VP 5: said:

Hidden (Show Comment) 3 votes

235 days 17 hours ago...

It`s so sad that I don`t find this the least bit surprising. Honestly, people should not be allowed to have this much money.

There are countless people starving to death in other countries, and these guys sit in their multi-million dollar mansions and jerk off to their bank statements.

Not just these pricks, but sports stars, movie stars, rock stars ect. If we appropriated money from all these ridiculously wealthy people, I firmly believe we could eliminate poverty in a matter of decades.

5

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ceee : LVL 27: VP 3.6: said:

Hidden (Show Comment) 0 votes

235 days 16 hours ago...

communist america ftw jk

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CombatGod : LVL 42: VP 5: said:

Hidden (Show Comment) 3 votes

235 days 15 hours ago...

You have to realize our entire economy is built on a lot of bullshit. I don`t mean to only pick on republicans because democrats can be just as dumb.

However, much of republican arguments are built on bullshit.

1. For example the argument that the rich earn their money. This would ONLY be true if capitalism was a perfect system where money earned was a direct result of the labor and ingenuity put in.

The fact is capitalism rewards simply having money. By having money you can lend it out and increase your own capital. You can also just hire somebody to manage your assets and you do not have to work at all.

2. Democrats are socialists and just give money to people that don`t earn it.

The funny part is with 5% of the population owning 90% of the wealth your discussing only 10% of the total wealth. So no matter what these numbers are tiny compared to what the rich have and earn. Also, with many Americans in middle and lower classes working 2 jobs the average hours worked by the poor is almost twice as much on average.

So fuck you rich assholes. I know you really think you`ve earned this shit but the only thing you`ve earned is my dick in your mouth.

Suck it bitch!

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