Wednesday, May 26, 2004

Bank of America and the concentration of wealth

Title: BofA exec takes $25 million in severance
Source: The Charlotte Observer
Date: May 25, 2004

From the article:
    "After less than two months on the job, Bank of America Corp.'s president on Monday announced plans to resign next month, and he'll take a $25 million severance package with him.

    The Charlotte company said Monday that Eugene McQuade, 55, plans to resign June 30 to pursue 'new challenges.' "
Also:
    Under the agreement, he was eligible to receive his severance package if he was terminated other than for "cause," death or disability, or if he left for "good reason." A Bank of America spokeswoman said his departure was deemed "good reason."
This is, of course, absurd. Every Bank of America customer pays for such absurdity through higher fees. This sort of thing is happening in thousands of corporations, and costs you and I thousands of dollars per year.

2 Comments:

At 7:33 PM, Blogger Mike said...

Thought you would like this. get rich

 
At 4:21 PM, Blogger Joe said...

B OF A ET AL - THE PRINCIPLES APPLY

THE SCREEN - $110 FOR ZIP
THE BAR SET UP $100 FOR ZIP
JUAN A IGUANA’S WRITE UP #2 (Borat)

Two brief introduction fact points about Alonso La Chin’s fowl play:

A) MULTIPLE C-NOTE CHARGES FOR ABSOLUTELY NOTHING

a. For a computer projection screen, left by a party company, Felix kept & charges $110 to pharmaceutical companies, e.g., based on zero cost, like with the TJ rental units; &
b. Felix charged a smooth (e) $100 for a bar set up to serve a per drink charge closed bar, based, again, on what is already paid for.

B) COUPON PRICE DISCRIMINATION

Felixes charge two different prices to two different classes of people, which they create, by in house contract:
a. The group that he baits with fliers, who receive & remember to bring in a piece of paper called a coupon; &
b. Those who are not on the VIP price discrimination list or who forget to bring a piece of paper with them.

None of IT is ACUTE BUSINESS ACUMEN. See Image Technical Service, Inc., et al. v. Eastman Kodak Company

A CHARGES BASED ON WHAT


NO BUTS

Quid pro quo (Latin for "something for something" [1]) indicates a more-or-less equal exchange or substitution of goods or services.
English speakers often use the term to mean "a favor for a favor" and the phrases "what for what", "give and take", "tit for tat" have similar meanings.

MINIMUM WAGE IS
EXCESSIVELY ONE SIDED

In legal usage, quid pro quo indicates that an item or a favor has been traded in return for something of value, usually when the propriety or equity of the transaction is in question. For example, under the common law, a binding contract must involve consideration: that is, the exchange of something of value for something of economic value. If the exchange appears excessively one sided, the court may question whether a quid pro quo exists and the contract may be voidable.
Like the eco-system, IT is all connected:

“Now she that plants & she that waters are one: and every one shall receive her own reward according to her own labor.” 1 Corinthians 3:8.

RICE V. BOARD
JUAN’S WRITE UP

In lieu of doing the simple math to peg the right hourly pay rate to live well, Alonso, like all BOSS OPS, chooses to commit a Rice crime by to hovering around an under-rigged government posted, un-backed up by a real simple, civilized cost to live well for all partner staff study number. Exactly like the Spanish Catholic queen, he makes a whole lot more money under cost paying his servant servers (bar minimum $7.50).

LABOR CONTRACT CONSIDERATION

The law, 15 USC, §17 declares that:
"The labor of a human being is not a [for rent] commodity or article of commerce."

A) CONSIDERATION

The hinge of IT ALL is consideration, defined:
7. …something of value given or done in exchange for something of value given or done by another to make a binding contract….

B) VALUE

Value, defined, means:

1) … a fair or proper equivalent in money … especially for something sold or exchanged ….

C) EQUIVALENT

Equivalent, defined, means:
1) … equal in quantity, value, force ….

D) EQUAL

Equal, defined, means it must be measured, as in one cup of water equals one cup of water:
Noun: 1) TO MATCH IN VALUE (to match in measure).

STUDY “IT” & PAY “IT” AT “IT” - RIGHT, THE PERSON’S COST TO LIVE COMFORTABLY



It is a black & white rule, elementary to junior high math, you add up all the time put in, by all who work, the extra is split up pro rata, based on Kronos like time clocked in, not converted by the bosses:
THE produce of labor constitutes the natural recompense or wages of labor.

To clip it, to get more for doing less, Juan, like Paris’ Hilton, knowingly does the taboo, using another mark as the narrow ambit base floor:

SOUGHT, OBTAINED & USED!

It is contractually unconscionable. No insurance, medical, dental, heath, life, zip, knowing his partners in service are the heart & sole of the entire service field operation are in need, single mothers raising their kids alone. Alonso doesn’t even work, expecting to reap where he never sowed, from servants’ labor. It’s clear:

[T]he price of a commodity, and therefore also of [staff] labor, is equal to its cost of production.

As if that wasn’t enough, Juan rigs his TIP PAY OUT to his tenders. His unwritten rule is that his servant servers must give his TENDERS 10% of their TOTAL TIPS, not just the bar tab. An uncivilized symptom of:

MAKING PAULA PAY PETERS, TO
KEEP HIS OWN POCKETS STUFFED

For example, if a servant server serves a $200 bottle of wine & gets a $30.00 TIP for taking the order, retrieving IT, popping the court & pouring IT, Juan demands his servant server to TIP HIS TENDER $3.00 for doing absolutely nothing but washing the glasses, although his food plate dishwashers are cut out of the tip booty completely, because they are not worthy, according to Juan.

The good news is Juan, like all bosses, are personally liable to cover IT, times three, for bad BOSS labor ABUSIVE acts.

SASS & SAUCE ASIDE

Instead of paying his tenders & all others what they are worth, by 8th grade math tabs (addition & division), instead of pooling tips & splitting them with the entire team that makes IT tick, dishwashers, salad makers & cooks alike, Juan carves out a preference of others’ TIP bank to rub up some, excluding others, which is flat forbidden price discrimination by social status.

SPAIN’S CATHOLIC QUEEN’S WE STOCK HIVE

This is a verbatim fruits of other’s labor supreme illustration, from not that long ago, relatively speaking:
…the … minister … of her Catholic Majesty, the Queen of Spain, had officially presented … a claim, … pending, upon the United States, setting forth, that 'the vessel … called the Amistad, and her cargo … slaves … are the [UCC] property of Spanish subjects...

Less than 75 years before that opinion, the leader in the field observed this element drill bit, a global truism, by a modern English, more accurate paraphrase:
It is cheaper for owners to rent people staff cargo than to own them.

ARE PEOPLE FOR RENT?

“The reasonableness of contracts which tend to restrain trade is measured by a number of factors, including the propriety of the restraint to advancing the interests to be protected; the availability of less harmful alternatives; the nature of the interest interfered with; the intent of the parties or the tendency of the restraint to create a monopoly, if it does result.”

SERVANTS DON’T DESERVE VACATION PAY

Juan, like Earl Petersen’s & Royce Lewellyn & all other servant stock owners, doesn’t think his servants deserve a Christmas bonus thank you check! They do get, however, the meal of their choice on their birthdays! Why not every night? Juan feeds his servants already paid for banquet left over food, e.g., & allows them to eat bread & soup, literally, to keep his pockets padded up.

Work injury insurance, which is like pulling teeth to get, is still a whole lot cheaper than having to pay for all of the repairs, for live, as they did before. Sir Orrin Hatch knows all about that, & so does his staff at THE DEPARTMENT OF DRIVE LABOR UNDER subcommittee.
As reason is against a man, so man will be against reason.

Know what these two cases have in common – IN GOD WE T RUST:

Amistad, 40 U.S. 518 (1841).
Roe v. Wade, 410 U.S. 113 (1973).

Minimum wage poverty floor & the CHOICE “retainer” – 9th Ame:
The government of the United States was "delegated" only 20 grants of power [See Constitution Art 1, Sec 8] and ten things were carefully enumerated which the government may not do, [See Constitution Art 1, Sec 9], and 10 further restrictions were added in the first 10 amendments [See "Bill of Rights"] to the Constitution by the several states. The people never intended that government of the United States should over step it's delegated authorities.

O – HATCH USURPING
PREDATORY PAY & POVERTY

Usurping ones power for Paris Hylton et al ops is big money for the almighty 100. Here are some facts about “IT”:

S E N A T O R (R - UT)
Orrin G. Hatch
Website

For now, never mind Orrin’s breach of the full disclosure duty:
The figures on this page reflect a small part of the funds raised and spent by Hatch's senatorial campaign only. All other pages in this profile cover contributions to both his senate committee and his 2000 presidential campaign.
1997-2002 Total Receipts:

$5,381,362

1997-2002 Total Spent: $5,455,224
Cash on Hand: $304,410
Debts: $264,506
Date of last report: December 31, 2002

First elected: 1976
Next election: 2006

Fundraising by Cycle:
2002: $212,241
2000: $4,471,441
1998: $697,680
Source of Funds:

Individual contributions $3,044,941 (56.6%)

PAC contributions $1,938,878 (36.0%)

Candidate self-financing $0

Other $397,543 (7.4%)
PAC Contribution Breakdown
(How to read this chart / methodology)


Business $1,695,488 (95.7%)

Labor $12,750 (0.7%)

Ideological/Single Issue $62,929 (3.6%)

Another’s view, “I live in Utah and am not LDS, but I believe in respecting Mr. Hatch's beliefs and don't think he meant anything inappropriate in his remarks. I don't agree with his beliefs, but I fully defend his right to them. The LDS Church is not the only religious group who take themselves very seriously.”
Ask the congnizanti how many LDS are in the FBI and CIA.

Don’t you wonder what it is like in home of the free to ingest in Amerstdam? What about home of the free body beaches in France?
Some scholars believe the freedom ended before the ink was dry on the contract written between the people and their new government, "The Constitution." There is some question as to exactly where and when the new nation faltered. Some say it was in 1789, with the Judiciary Act. Others say it was after the Civil War. Still others claim it was in 1913 or 1921 or perhaps in 1933 with Roosevelt & Preston Bush’s turning our birth certificates into money bonds & selling our future fruits on the black market, to international investment bankers. History tells us the Supreme Court of the United States government claims it was when the Union itself was formed.

ALL (A-E)
PRODUCTION

“Like many constitutional provisions written in general language, the [MR=MC] … acts must be interpreted in light of …the context of changing conditions of society.”

Labor is noble, labor is holy. To defend it from degradation; to divest it of the evils to body, mind & estate which ignorance & greed have imposed; to rescue the toiler from the grasp of the selfish – that is an aim worthy of the noblest & best of our race. David Burke

LOCKE MANDATORY AA% STUDIES
CORE PRIMARY 9TH AME AUTHORITY

John Locke (August 29, 1632 – October 28, 1704) was an English philosopher. In epistemology, Locke is regarded as the first of the British Empiricists. In social contract theory, he developed an alternative to the Hobbesian state of nature, that government was only legitimate if it received the consent of the people, and protected natural rights of …liberty, and [money] property. Locke believed consent formed the social contract of governance.

Locke's ideas had enormous influence on the development of political philosophy, and is widely regarded as one of the most influential Enlightenment thinkers and contributors

ALL WEATH (E) REALLOCATION IN
A JUICE (E) SINGLE FAST TRACK CASE

Ed (e)
Penny

PRINCTONS' GOLDEN STATE
CAPERS - LORD JUAN ALONSO

Lord Juan owns, free & clear, Tijuana (T.J.) like roofs that he rents for way jacked up prices. Roofs that he doesn’t even maintain. Roofs that he rents to aliens & non English speaking Mexican families knowing that his risk of getting caught for rent rigging is very, very low.

EVERY PENNY POPPED INTO
THE EARNINGS PER SHARE POOL

But the price of a commodity, and therefore also of labour, is equal to its cost of production.

As reason is against a man, so man will be against reason.
About the stock owners’ 51-49, treble damage, in house TRUST, defined as:

A) Acts by two or more people [Kat(e) & Book Keepers’ – checks];
Talking, then Acting, e.g., about pay checks? A CD?
B) By agreeing to pool … any interests that they may have connected with … any … commodity [the stock], that its price [the stock 50% 50% nest egg] might in any manner be affected.

For purposes of this section, "person" shall include, but not be limited to, individuals…. Felix & partners:

ORAL LEASE CONTRACT
WRITTEN LEASE CONTRACT

One core law fact is this – NO ONE may pick whatever number &/or as many charges as they can get away with & collect IT. It is the owners’ (seller’s) burden to show that he fixed the numbers in that lease contract by the sole lawful price protocol:

A) COST STUDY;
B) THEN RENT SET;
C) RE-COST STUDY 1ST; &
D) THEN CHANGING THE #;
E) OWED SHOWN ON REQUEST; OR
F) “IT” IS PRESUMED A FLAT VOID RIG.

In house “obligations of any kind” not to honor the above FAITH, like Juan talking with & paying his bookkeeper to call around & get nearby rental rates, like he does with his food, bar & wine, using other’s numbers as an UP or DOWN bench mark, is not IT.

Any single in house pact not to is:

“… unlawful per se.” “

In plain English, codified, that means the whole ball & wax is “void & unenforceable,” every penny is owed back times three mandatory, plus attorneys’ fees & costs.

The illusion all people have been duped into believing is price right protocol, or legal, is the abuse of the phrase “MARKET RATES.” Whatever the market will bear, right? That is a sick crock of pig shit. It is flat illegal to “seek, obtain & use” any other benchmark than the above correct price protocol. This quote rips:
Price is too critical … to allow it to be used even in an informal manner to restrain [cost] competition.

“IT” is a one size fits all program that worms like bankers dice, wall to wall, because they run PAC & Bush ops, by contract, calculated to clip FAITH in contracts:

“The public policy expressed … may not be circumvented by words used in a contract. [W]hether or not a particular clause is a penalty or forfeiture or a bona fide provision … depends on the actual facts [& law] existing at the time the contract is executed & whether or not, in fact, it was then impracticable or extremely difficult to fix the actual [price by defined price protocol] … and that the parties did in fact then make a good faith & reasonable effort to do so.

Not a single penny is owed for anything until the seller, banker, land lord, car dealership, cellular phone executive or whoever proves, on request, that they did it right:

“[One] … seeking the benefits of a clause purporting to fix … [a price tag, a charge, for anything] must … prove that the clause is valid under the facts [& law] …. The applicability of … [any duty to pay] … depends upon the actual facts not the words that may have been used in the contract.”

It is a metaphysical impossibility to employ legal charge protocol & juggle the duty to charge more for lazy, BIG BLOCK STOCK holders, who all reap where they never sowed, point blank.

ALL LORD JUANS
UNDER RIG WAGES

Using a government post number, in lieu of pay right protocol, which is fused to price right protocol, is void rig:
Even superficial undertaking requires FIRST reduction of the average day-wage.

If...reasonableness...would ...become an issue...its philosophy—supplanted by one—alien to a system of free competition; ...not... the charter of freedom ...intended (& promised)."

POLL (E) SIGH - NZ
PHILOSOPHY OF “IT”

Here, according to an EX employee, whose pay stub I have a copy of, Juan uses the $6.75 as a low ball bench mark, goes over that sick low number just a little bit – IT is still a flat feline void fix:

$6.75 HOUR IS A SICK
XXX POLITICAL UNDER-RIG

A government posted under price peg, around which all executives & owners, like Juan & Judge Royce Lewellyn, bench mark price (pay is price), is flat illegal because it was not set by correct pricing protocol. The principle law is that:

Fixing minimum prices, like other types of price fixing, is illegal per se. [Under cost equals] … price maintenance was … struck down in Dr. Miles ...

The fact that a state [man] authorizes the [under cost of living] price fixing does not, of course, give immunity to the scheme….

The republic’s interest in enforcing the national policy in favor of pay right competition is conclusive:

"Anti-trust laws in general, & the Sherman Act in particular, are the Magna Carta of free enterprise. They are as critical to the preservation of economic freedom & liberty as the Bill of Rights is to the protection of our fundamental personal freedoms."

I have some really bad news for bosses - all staff labor contracts are void. It’s a “contract” for your U.C.C. labor commodities that guts liberty to pay under or over anything but exactly what it is worth, determined by simple math.
“Certain things are not for rent. There is no ownership of oil & gases in the land before bodies bring it to the surface by drilling…; nor of stream-ocean-bodies.

The bosses McBean counters do know how to add & divide don’t you? And they know that the MR=MC supreme labor hammer law dictates exactly what the founder of labor law contracts, Adam Smith, wrote:
THE produce of labor constitutes the natural recompense or wages of labor.

THE PRODUCE OF LABOR

It would be an odd rule indeed for a senator (votes) or a man in black robe to associate his name with mutant law that protects the worth of a cow commodity (MEAT) & not that of the creator of all things – units of people power.
Even superficial undertaking requires FIRST reduction of the average day-wage.

Even a superficial undertaking requires a tabbing of all overhead costs to live comfortably. And guess what, the 100 zits in D.C. know very well that $6.75 doesn’t come close to cutting IT, but is a real good number for their & their judges & their backers stock emoluments!

EXTRA-EXTRA

Extra depends on control over labor, [under scales] not [faithful] labor’s value.

Chief among such contracts is that of personal employment, by which labor and other services are exchanged for money or other forms of property.

If this right be struck down or arbitrarily interfered with, there is a substantial impairment of liberty in the long-established constitutional sense.

[T]he duty to declare and enforce the rule of the supreme law and reject that of an inferior act of legislation which, transcending the Constitution, is of no effect and binding on no one.

IT is all owned pro rata by the staff, based on TIME IN!

THE RED HOUSE &
MARE OWE (E) BAY HOME (E)

Claudia Scoops

 

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