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Golden Parachute

Disgraced United CEO Jeff Smisek Is the Reason for Income Inequality

Leo W. Gerard | Posted 09.14.2016 | Business
Leo W. Gerard

Smisek's failed leadership at United Airlines illustrates exactly how this CEO self-dealing scheme works to the advantage of wealthy executives and shareholders while damaging workers, communities, customers and corporations.

There's Always Money for the Boss

Leo W. Gerard | Posted 07.06.2016 | Business
Leo W. Gerard

CEOs contended their corporations are too poor to pay overtime, but on their next quarterly call with shareholders, they'll brag about record profits. In 2013, corporate profits were at their highest level in 85 years. That same year, employee compensation was at its lowest level in 65 years.

If the Three Stooges Worked at Olive Garden

Sarah Anderson | Posted 12.08.2014 | Business
Sarah Anderson

As the country's largest full-service restaurant corporation, Darden plays a major role in setting national industry standards. And now, in the midst of a bitter shareholder fight, it has a decision to make. Will it tighten the vice on workers or will it change course and follow a high road approach to prosperity?

Capitalism Failed; Cronyism and Corruption Rule

Leo W. Gerard | Posted 11.08.2013 | Business
Leo W. Gerard

Capitalist theory asserts that CEOs rise to the top based on merit and moxie and deserve million-dollar pay packages. Turns out, though, capitalism doesn't really work that way. Conniving Jonnies rule the business world.

Oil CEO Gets $260 Million On His Way Out The Door

The Huffington Post | Posted 03.28.2013 | Business

It's not news that CEOs get paid way more than you do, but recent reports reveal that some are getting paid even more not to come to work anymore. ...

Goldman Sachs CEO Lloyd Blankfein Wants Seniors to Get Less

Ethan Rome | Posted 01.27.2013 | Business
Ethan Rome

In the name of "fiscal responsibility," the self-interested CEOs animating Fix the Debt are pushing a deficit reduction plan that would lower taxes for corporations and the super-rich while slashing programs central to the middle class and those working their way into it.

The Golden Parachute Is Un-American

David Macaray | Posted 11.07.2012 | Business
David Macaray

But if you fail to do the one thing they hired you to do -- i.e., earn money for the company -- why would you expect to be rewarded for it?

WATCH: Man Skydives 70 Times On His 70th Birthday For Charity

The Huffington Post | Ron Dicker | Posted 08.16.2012 | Impact

Larry Ekstrom could have hosted a bake sale or something to raise money for charity. But the Madison, Mich., senior just isn't the type. Instead, E...

Arthur Delaney

Former Gannett CEO Battling Ostentatious Display Of Wealth Next Door | Arthur Delaney | Posted 04.24.2012 | Media

WASHINGTON -- The golden parachute CEO of a giant media company is battling the construction of a new mansion in his wealthy Washington, D.C. suburb. ...

Yes, America, Some CEOs Deserve a $50 Million Paycheck

Jeff Reeves | Posted 03.31.2012 | Business
Jeff Reeves

Starbucks' growth doesn't come from "insanely great" gadgets with huge profit margins. The coffee chain shows how a good CEO can do right by his company, and how that can structure a CEO's pay to ensure he gets paid what he deserves.

William Alden

Report: Wall Street CEO Pay Problems Worsened By New Rules | William Alden | Posted 11.30.2010 | Business

In the years leading up to worst financial crisis since the Depression, as gambling fever seized Wall Street, one of the primary forces encouraging gr...

A Golden Parachute For Tony Hayward? Doubtful, Compensation Experts Say

CNN Money | Ben Rooney | Posted 05.25.2011 | Business

NEW YORK ( -- If embattled BP chief executive Tony Hayward leaves the company, he is not likely to walk with a massive windfall, compensa...

AIG-Gate: The World's Greatest Insurance Heist

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Unlike the perpetrators of the Watergate scandal, who wound up facing jail time, Timothy Geithner evidently has a golden parachute waiting at Goldman Sachs, not coincidentally the largest recipient of the AIG bailout.

AFSCME Urges Say-on-Pay for Shareholders

Gerald McEntee | Posted 05.25.2011 | Politics
Gerald McEntee

A key step to fixing our economy is making sure that the interests of shareholders and stakeholders are considered in corporate board rooms.

Bank Got Bailout, CEO Got Golden Parachute

ProPublica | Posted 05.25.2011 | Business

The South Financial Group announced this week that it had been approved to receive $347 million from the U.S. government. But the bank's founder and longtime CEO won't be sticking around.

Where Are the Wall Street Patriots?

Patt Morrison | Posted 05.25.2011 | Business
Patt Morrison

The bailout moolah rules declare that the monster golden parachutes are now things of the past, but since it's our money, we can further dictate what happens to it -- and we definitely should.

Merrill Lynch Executive To Get $10 Million Buyout

Reuters | Posted 05.25.2011 | Business

A top executive at Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research, Stock Buzz), which last month accepted a takeover offer from Bank of Ameri...

Paint McCain a Red-Baiter

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

The "small government" Bush and Republican Congress increased spending, thus replacing the budget surplus bequeathed them with deficits.

The Six Wise Men of Washington

Mike Bonifer | Posted 05.25.2011 | Business
Mike Bonifer

The second came to Capitol Hill And proclaimed it absolute: What happens now on Wall Street, America follows suit.

Costco and the Great Federal Bailout

Howard Gewirtz | Posted 05.25.2011 | Business
Howard Gewirtz

If you've paid your taxes, you are now the proud owner of unregulated hedge funds, mortgaged-backed junk bonds, etc. In other words, crap.