NPR's Frank Langfitt addresses the payouts recieved by Fannie Mae and Freddie Mac CEOs after failing to run the corporations effectively. NPR.September 10, 2008
Democrats on Tuesday criticized the multimillion-dollar pay packages
awarded to the former chief executives of Fannie Mae and Freddie Mac at
a time when taxpayers could foot a massive bill for the companies'
bailout. Reuters.September 9, 2008
Executives booted from Fannie Mae and Freddie Mac will pick up nice
checks on the way out. Dan Mudd gets $9.3 million and Richard Syron
walks away with $14.1 million. Seattle Post-Intelligencer.September 9, 2008
Over the years, Fannie Mae and Freddie Mac showered riches on many winners: their executives, Wall Street bankers
and Washington lobbyists. Now the foundering mortgage giants are
leaving some losers in their wake, notably their shareholders,
rank-and-file employees and, in the worst case, American taxpayers. The New York Times.September 8, 2008
At the expense of you and me, tax breaks
help companies hand ever-bigger paychecks to CEOs. What are the
presidential candidates doing about it? Almost nothing. MSN Money.
U.S. taxpayers shell out 20 billion dollars a
year to pad business chiefs' earnings and to prop up the world's most
lopsided corporate pay scales, say activists seeking to highlight
inequality in this election year. Inter Press Service.August 26, 2008
Tax and accounting loopholes that largely benefit rich taxpayers and
companies cost the government $20 billion a year even as the pay gap
between chief executives and employees has widened. Reuters. August 25, 2008
Tax and accounting loopholes allow top executives and businesses to
avoid paying about $20 billion a year in taxes, according to a report
released today. The Kansas City Star.August 25, 2008
Some 77 percent of Americans polled last year felt that corporate
executives "earn too much." Most corporate boards apparently disagree.
Last year, although the nation's economy was already in trouble, they
gave the chief executive officers of the Standard & Poor's 500
largest companies on average a 2.6 percent pay hike to $10,544,470. Christian Science Monitor.August 25, 2008
As the Democratic party gathers in Denver one issue that should be
front
and center is the staggering inequality of our times. And one of the
most damning symbols of our New Gilded Age is exorbitant executive pay. The Nation.August 25, 2008
