CNBC Sign Falls On Glenn Hubbard During Interview (VIDEO)

Things were going well for Glenn Hubbard on Wednesday, until a sign fell on him.

Hubbard, an architect of the Bush tax cuts and an economic adviser to Mitt Romney, had just spoken at The New York Times DealBook conference. But while being interviewed by CNBC, a CNBC sign collapsed on him.

"That's what happens when you criticize the welfare state," he said.

You can check out an animated GIF of the episode below.

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• 10. PepsiCo

  CEO-to-employee pay ratio: 322:1 CEO: Indra K. Nooyi (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

• 9. United Technologies Corporation

  CEO-to-employee pay ratio: 326:1 CEO: Louis R. Chênevert (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

• 8. AT&T

  CEO-to-employee pay ratio: 342:1 CEO: Randall L. Stephenson (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>) AT&T said in a statement: "We are an employer of choice providing high-quality middle class jobs with highly competitive wages and benefits that are among the best in America and significantly greater than our competitors’. AT&T benefits are comprehensive and more extensive than those offered by most employers, including our competitors in the cable industry. And in an era when many companies are either curtailing or abandoning benefits, we continue to provide great benefits – including market-competitive health and welfare, pension and savings plans – to 1.2 million employees, retirees and their dependents."

• 7. IBM

  CEO-to-employee pay ratio: 349:1 CEO until December 2011: Samuel J. Palmisano (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

• 6. Medco

  CEO-to-employee pay ratio: 431:1 CEO until Express Scripts acquired Medco in 2012: David B. Snow, Jr. (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

• 5. CVS Caremark Corporation

  CEO-to-employee pay ratio: 456:1 CEO until last year: Thomas M. Ryan (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>) CVS said in a statement: "Our executive compensation is appropriate and in line with industry standards and with the company’s overall performance. We continue to deliver strong financial results in a challenging environment, performing favorably against our peer group on several critical measures including revenue growth and total shareholder return."

• 4. McKesson

  CEO-to-employee pay ratio: 537:1 CEO: John H. Hammergren (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

• 3. Verizon

  CEO-to-employee pay ratio: 613:1 CEO until June 2011: Ivan G. Seidenberg (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

• 2. Walmart Stores

  CEO-to-employee ratio: 717:1 CEO: Michael T. Duke (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50" target="_hplink">PayScale</a>)

• 1. UnitedHealth Group

  CEO-to-employee pay ratio: 1,737:1 CEO: Stephen J. Hemsley (Credit: <a href="http://www.payscale.com/ceo-income/fortune-50">PayScale</a>)

Comments

[abogada36]

06:05 PM on 12/13/2012

Let me get this straight; the man who is giving money advice to CNBC is the son of the most successful con artist in the history of the US. What a fraud.

[Jim Ryon]

02:40 PM on 12/13/2012

"That's what happens when you criticize the welfare state," on a far left show !

[Navyvet19381942]

02:36 PM on 12/13/2012

I consider that slap on the head an act of God !!

[Jerry Barthel]

01:57 PM on 12/13/2012

Its a sign of the times.

[pennysportscard]

01:34 PM on 12/13/2012

Where are all those jobs the Bush tax cuts were allegedly going to create? America is still waiting.......

[cOACH48094]

01:39 PM on 12/13/2012

They will not occur at a rapid pace until the Government decides to spend some stimulus money on some infra structure projects and other types of investment. This will put people to work, get them off of unemployment and make them a valid taxpayer to start working on paying back teh stimulus. It has always worked in history and will work again.

[Haditupta]

08:25 PM on 12/21/2012

Thank you! I agree! More stimulus....

[rdm443]

01:47 PM on 12/13/2012

yo boh boh, Bush has been out of office for 4 years just to bring you up yo speed! Hopefully you didn't experience jet lag in your historical journey!

[abogada36]

04:54 PM on 12/13/2012

And W's rabid spending and tax cuts screwed up the economy royally. Then your boys, and I do mean boys, in the Republican party, along with a few token girls, have refused to do one thing for this country unless it benefits the rich.

[spongeworthy06]

01:21 PM on 12/13/2012

There are pod casts that have more viewers

[abogada36]

01:00 PM on 12/13/2012

Karma caused that.

[rdm443]

01:43 PM on 12/13/2012

actually it was the work of a half a zz union member! need i say more? Oh thats right a group of union members, because it takes a group of six to perform as well as a independent worker! lmao

[abogada36]

03:13 PM on 12/13/2012

I have 2 responses to your comment. First, learn how to write. Your lack of command of the the English language is pathetic. Second, if your comment is accurate (which I doubt), then it makes my comment all the more fitting. Karma hit the bad man.

[necamw]

12:52 PM on 12/13/2012

Sign from God.

[natal plum]

12:56 PM on 12/13/2012

No. Sign from his father, L. Ron

[ObamaLovesAll1]

12:46 PM on 12/13/2012

Surprise my foot, that was done on purpose.

[project cooper]

12:40 PM on 12/13/2012

The whole place is falling down because all they are going to do is Blame & attack others for it.

[cOACH48094]

01:40 PM on 12/13/2012

That does seem to be the political strategy these days and is the reason that things do not get done. They are always trying to get a "GOTCHA" ON THE OTHER PARTY; MORE INTERESTED IN STRENGTHENIONG THEIR PARTY THAN DOING WHAT IS RIGHT FOR AMERICA.

[rob371962]

12:38 PM on 12/13/2012

Sue 'em.

[STAND FOR LIBERTY]

12:17 PM on 12/13/2012

This is a sign that CNBC is phony baloney. On MSNBC, Obama ventriloquist dummies Chris "Thrill up his Leg" Matthews and Al "Play the Race Card" Sharpton are next.

[vshogun30]

01:38 PM on 12/13/2012

Let us know in advance. Best act since Laurel and Hardy.

[Ralph Preta]

12:15 PM on 12/13/2012

if that isnt poetic justice i dont know what is.

[susanjdavis]

12:04 PM on 12/13/2012

State the facts, Mr Hubbard! Only 8% are on welfare, 2% are VERY wealthy. That means 90% are working poor or middle class. The majority are all for taxing the wealthy their fair share. The wealthy are the ones looking for a handout. They want the 90% to pay their share of taxes for them. Since the 2% take 90% of the wealth out of this country, why should we have to pay their taxes?

[ObamaLovesAll1]

12:48 PM on 12/13/2012

You said: "Only 8% are on welfare, 2% are VERY wealthy. That means 90% are working poor or middle class."

Are you stupid? You must be if you think only 2% are considered "upper class." I realize you specified that 2% are "VERY wealthy" but then you go on to say 90% are working poor or middle class. You're stupid if you think only the top 2% are considered upper class/rich and everyone else is poor/middle class.

[spongeworthy06]

01:20 PM on 12/13/2012

Yeah ok, so you are saying we need politicians deciding what is "fair" ?

[Marion Harris]

11:25 AM on 12/13/2012

Could this be an OMEN.