…as surely as the moon is made of Roquefort cheese.
Still, the Red Sox Curt Schilling may have made more per hour.
*
By Ron Scherer Tue Sep 30, 4:00 AM ET
New York - Lloyd Blankfein, chairman of Goldman Sachs, made $73.7 million last year. James “Jamie” Dimon, chairman of J.P. Morgan Chase, had to make do […]
Last Year’s Big Five Wall Street Bonuses
Jack Tapper, ABCNews
September 22, 2008 7:12 AM
As the Bush Administration asks for close to a trillion dollars to prevent a worldwide financial cataclysm, here are some numbers you might find interesting — courtesy of the ABC News Research Center and ABC News’ Barbara Paulson.
In 2007, Wall Street’s five biggest […]
The Conscience of a Liberal
Paul Krugman
The New York Times
September 19, 2008, 7:24 pm
McCain on banking and health
OK, a correspondent directs me to John McCain’s article, Better Health Care at Lower Cost for Every American, in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries. You might want to be seated before […]
*
SPEND IT IN HELL!
*
Exxon CEO Had a $16.7 Million Year
As Oil Price Skyrocketed,
Firm Had Record Profit
And Chief’s Pay Soared
By RUSSELL GOLD
April 11, 2008; Page B8
How much compensation befits the chief executive who delivered the most profitable year ever for a U.S. company?
For the Exxon Mobil Corp. board of directors, the answer was a $16.7 million […]
The New York Times
March 17, 2008
JP Morgan Pays $2 a Share for Bear Stearns
By ANDREW ROSS SORKIN
-
In a shocking deal reached on Sunday to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm’s market price on Friday.As part of the […]
Exxon Oil Spill Case May Get Closure
Almost 20 Years After Valdez Wreck, Justices to Weigh In
By Robert Barnes
Washington Post Staff Writer
Sunday, February 24, 2008; A01
When a federal jury in Alaska in 1994 ordered Exxon to pay $5 billion to thousands of people who had their lives disrupted by the massive Exxon Valdez oil spill, an […]
W. pounds his chest three times while bellowing ‘I am the president,‘ the Constitution is relegated to comic book status, thieves steal copper from working communication and HVAC systems, the Middle Class falls into poverty as the rich become richer through greed and favorable government decisions and the executive branch play games with […]
Report Says That the Rich Are Getting Richer Faster, Much Faster
*
Mario Tama/Getty Images
At the New York Stock Exchange. Investments have been a big source of rising wealth
as the spirit of McTeague reigns supreme.
*
By DAVID CAY JOHNSTON
Published: December 15, 2007
The increase in incomes of the top 1 percent of Americans from 2003 to 2005 exceeded the […]
Company Focus
9/19/2007 12:01 AM ET
War means a windfall for CEOs
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?
By Michael Brush
While policymakers in Washington wrangle over how much progress we’ve made in Iraq, one thing is clear: The war […]
Welcome to Richistan, USA
The American Dream of riches for all is turning into a nightmare of inequality. But a backlash is brewing, reports Paul Harris in New York
Paul Harris in New York
Sunday July 22, 2007
Observer
On the surface, Mark Cain works for a time-share company. Members pay a one-off sum to join and an annual fee. […]