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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (11837)9/11/2006 4:34:00 PM
From: E. T.  Read Replies (2) of 71588
 
The Iraqi invasion was flawed from the start. There's no winning now. And you know it too. It's good business for certain American, you know the ones, friends of Cheney.

Top defence executives winning with the war on terror

It brings new meaning to the term war chest.
Top U.S. executives in the defence sector took home skyrocketing paycheques thanks to the war on terror, according to a joint study by two research groups.
The 34 chief executive officers of public companies that control the 100 top military suppliers have received total compensation of just under $1-billion (U.S.) since 2002, the year after the Sept. 11, 2001, terrorist attacks in the United States, according to the study by the Institute for Policy Studies and United for a Fair Economy.
That's about double the amount they received in the four years leading up to the attacks. By contrast, CEOs of large, non-defence-related corporations have averaged pay increases of 6 per cent.
The study also found there's not much of a trickle-down effect in the war boom. Top defence industry CEOs last year marched away with 44 times more pay than military generals who had 20 years of experience under their utility belts, and 308 times more than the men and women who arguably take the biggest wartime risks, lowly Army privates.
The highest-paid defence executive was George David, chairman and CEO of United Technologies Corp., maker of Pratt & Whitney jet engines and Sikorsky helicopters. Mr. David raked in an estimated $31.9-million last year.

theglobeandmail.com
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