CEO pay eclipses ridiculous

CEO pay eclipses ridiculous: "CEOs at larger U.S. corporations on average earn $430 for every $1 earned by the average U.S. worker.

Twenty-six years ago, CEOs received an average of $10 for every $1 earned by a U.S. worker.

Somewhere in that quarter-century, something went terribly wrong. CEO paychecks have morphed from compensation tools designed to motivate management to gluttonous buffets where executives graze on cash, bonuses, incentives, stock options, retirement packages, free cars, subsidized housing, corporate apartments, personal jets, free tax consulting, elite entertainment and dining on corporate tabs and personal security services."

Senator rips ex Exxon CEO's retirement package - Yahoo! News

Senator rips ex Exxon CEO's retirement package - Yahoo! News: "'There can be no more compelling evidence that the price gouging and market manipulation which has produced record oil prices is out of control, and is working to serve the forces of individual greed and corporate gluttony at the painful expense of millions of American consumers,' Dorgan said."

China president at Gates house, not White House

Strange how strong the power of wealth is:

China president at Gates house, not White House

Exxon Chairman Gets $400 Million Retirement Package Amid Soaring Gas Prices

Exxon Chairman Gets $400 Million Retirement Package Amid Soaring Gas Prices: "Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits. Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes."

Report: Tax cuts on investment income a windfall for rich

Report: Tax cuts on investment income a windfall for rich: "President Bush's tax cuts for investment income have significantly lowered the tax burden on the richest Americans, reducing taxes on incomes of more than $10 million by an average of about $500,000, according to a report Wednesday. An analysis of Internal Revenue Service data by The New York Times found that the benefit of the lower taxes on investments was more concentrated on the very wealthiest Americans than the benefits of President Bush's two previous tax cuts."

The Forbes 40,000,000

The Forbes 40,000,000: "The good news: for the fifth consecutive year the poor got poorer! In this -- the 24th edition of the Forbes 40,000,000 -- the collective net worth of America's poorest -- after being offset against liabilities -- plunged from $425 to $113. Weirdly, this happens to be exactly one ten-billionth of the combined net worth -- $1.13 trillion -- of the Forbes 400."