I can't stand it any longer. Wall Street, Main Street. Wall Street bad, make money by crush Main Street.
Well, let's take a look at Citigroup for example:
2007: 275,000 total employees
2007: $34.435 billion in compensation and benefit expenses
2007 average compensation per employee: $125,218.18
Now, that includes:
Chuck Prince (no longer with Citi): $41 million
Win Bischoff: $6.99 million
Vikram Pandit: $3.16 million (slated to make over $100 million in 2008)
Gary Crittenden: $12.79 million
Michael Klein (no longer with Citi): $19.3 million
Sallie Krawcheck (no longer with Citi): $12 million
Lewis Kaden: $8.3 million
Stephen Volk: $10.25 million
My point is that there are thousands upon thousands of moderately paid employees at these firms. They did not participate in the windfall of profits from the real estate/mortgage/CDO/SPV debacle. And I just listed the executive suite, there were several others that made millions. How many Citigroup employees would not see tax increases if Obama were to be elected???????
Thursday, October 30, 2008
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1 comment:
amen brother
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