eeeeeevil 1%

constant inconsistency

Here’s a little something to keep in mind when the caterwauling about Teh 1% gets too shrill.

Wall Street chief executive officer[s total compensation in 2011]:

Jamie Dimon at JPMorgan Chase & Co. (JPM) — $23 million [Profit - 18.976 billion (2011)]

John Stumpf of Wells Fargo & Co. (WFC) — $17.9 million [Profit - 15.869 billion (2011)]

Lloyd Blankfein at Goldman Sachs Group Inc. (GS) — $16.2 million [Profit - 4.442 billion (2011)]

Vikram Pandit at Citigroup Inc. (C) — $14.9 million [Profit - 11.067 billion (2011)]

James Gorman at Morgan Stanley (MS) — $10.5 million,
Brian Moynihan at Bank of America Corp. — $8.1 million.

Yep. That’s a pile of dough, eh?

Keeping in mind that JPMorgan made 4 [B]billion in the first two quarters of this year, Dimon’s salary is 0.00575 of that.

So what’s up with this?

Les Moonves, the CEO of CBS Corp. (CBS) — $69.9 million [Profit - 1.305 billion (2011)]

David Zaslav of Discovery Communications Inc. (DISCA) — $52.4 million [profit - US$ 669 million (2010)]

Philippe Dauman at Viacom Inc. (VIA) — $43 million [Profit - 2.136 billion (2011)]

Walt Disney Co. (DIS)’s Robert Iger — $31 million [Profit - 4.807 billion (2011)]

Jeff Bewkes, at Time Warner Inc. (TWX) — $26 million
Brian Roberts of Comcast Corp. (CMCSA)– $27 million

Now, I’m perfectly ok with the free market setting salaries and recognize that being CEO of a ginormous corporation and making it pay is rather a specialized talent. But to see some of these outfits prattling on about the eeevil 1% …*ptui*

Maybe next time the black-clad anarco-socialists will gather on Les Moonves’ lawn, eh?

8 Comments!

  1. dick, not quite dead white guy
    Posted May 30, 2012 at 9:11 am |

    Where the hell are the CBS stockholders?
    They ought to be on Moonves’ front lawn.

  2. Colonel Jerry USMC
    Posted May 30, 2012 at 9:36 am |

    I would point out to the OCCUPYShits that it is possible for fucking idiots (…like yourselves…) to be fabuously weathy. BUT, if you were to create a graph showing all the wealthy, broken down into those that PRODUCE SOMETHING and those whose wealth comes from: talent w a guitar, acting before a camera, inherited, stealing, politics, and other means that produce little or nothing, you will see two major trends:

    1. The Former are wealthier and reasonably content.

    2. The Latter are less wealthy by several magnitudes and usually, normally, almost always: unhappy, fucked up, pissing away their wealth, insecure, assholes who are pseudo-intellectuals on fucking every subject, killing themselves via drugs, in courts of law frequently and chasing serenity and contentment w/o a Fucking Prayer!

    I predict that after viewing this graph, your primal response at the graphic conclusion will be a group *twinkling* of fingers—–and that will be an end to it……………..

  3. Caged Insanity
    Posted May 30, 2012 at 10:59 am |

    99% is a state of mind.

  4. mojo
    Posted May 30, 2012 at 12:46 pm |

    Guess that quote:
    “Obama can’t afford to lose. He owes these people, and they are NOT the type likely to shrug and say ‘Oh, well, you gave it your best shot, kid.’”

  5. Merovign
    Posted May 30, 2012 at 6:03 pm |

    Leftists refuse to believe that money isn’t just brought by the money fairy. That it actually comes from somewhere and these salaries have to be justified – well, maybe this confusion comes from never having to work in the private sector.

    If government salaries had to be justified, practically nobody would get paid at all.

  6. Claire: pink pig barbarian, etc
    Posted May 30, 2012 at 9:57 pm |

    Mojo — ya just gave me the chills….

  7. geezerette
    Posted May 31, 2012 at 7:57 am |

    Ranting about the 1% and those rich Republicans who want to take everything away from us
    Me– and there are no rich Democrats like — named a few
    Well yes but—
    Me — but what??
    silence for a few seconds and —–they’re all crooks!! :)))
    Than I had a chance to inform him all about the New York park the 10%s used to demonstrate in—funny that he’d never heard of that.

  8. ZZMike
    Posted June 1, 2012 at 10:56 am |

    We don’t seem to understand that there are Good Rich People and Bad Rich People. It’s easy to tell which are which: Rich Republicans: bad; Rich Democrats (like John Edwards): good.