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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Elroy Jetson who wrote (45924)11/21/2005 5:11:58 PM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
Triple pay for self-destructive management!

i think you must be talking about top management. CEOs and the like. i don't think regular US engineers make 3x what their Japanese counterparts make. probably comparable salaries.

but US CEOs of course must make much more, in keeping with the widespread plundering of US wealth which passes for business as usual in our kleptoplutocracy.

in S&P500 companies, there was $1 trillion of expropriation through stock options between 1992-2002, as calculated by Robert Brenner: "In 1992, corporate CEOs held 2 per cent of the equity of US corporations; today, they own 12 per cent. This ranks among the most spectacular acts of expropriation in the history of capitalism"
lrb.co.uk
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