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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (126956)	4/11/2011 11:12:11 AM
From: longnshort	Respond to of 132070

LOLOL and Gates and Buffet avoid inheritance tax by using a loop hole, lolol too funny nightie. Now Gates and Buffet are against loop holes, except of course the one they used

To: Knighty Tin who wrote (126956)	4/11/2011 2:10:27 PM
From: John Koligman	Read Replies (1) \| Respond to of 132070

t’s Good to Be the King: CEO Pay Up Big 2010, Not So Much For the Average Worker By Peter Gorenstein \| Daily Ticker – 2 hours 9 minutes ago finance.yahoo.com Life is good at the top of corporate America. CEO pay rose 12% last year, bringing the average compensation to $9.6 million in 2010, based on a report and study done by NY Times. That's definitely a lot of money at a time when middle class wages haven't increased for a generation and unemployment remains near 9%. The highest paid CEO in the U.S. last year was Viacom's Phillipe Dauman who raked in $84.5 million, thanks to one-time stock awards. Ray Irani of Occidental Petroleum follows on the list with $76.1 million, a 142% pay increase over 2009. Oracle's Larry Ellison, who was displaced at the top of the list this year, took a pay cut but still brought home $70.1 million. (He also remains the third-richest American, with a net worth of $39.5 billion, according to the Forbes annual list of billionaires.) Other notables on the list include: John Lundgren, Stanley Black & Decker, $32.6 million. Brian Roberts, Comcast, $28.2 million Robert Iger, Walt Disney, $28 million Alan Mulally, Ford Motor, $26.5 million Samuel Palmisano, IBM, $25.2 million Investing with the highest paid CEOs isn't necessarily the best for shareholders. True, leaders like Ford's Mulally, J.P. Morgan's Jamie Dimon and Apple's Steve Jobs have turned around their firms and lifted the share price; but this is the exception not the rule when it comes to CEO pay. Plus, this kind of payout for the top brass is also not the norm outside the United States, according to a recent Gretchen Morgenson column on CEO pay in The NY Times. Albert Meyer, a money manager at Bastiat Capital in Plano, Tex. and former forensic accountant the center of, illustrates the point by comparing Norwegian owned Statoil to ExxonMobil: By comparison, Rex W. Tillerson, the chief executive of ExxonMobil, received $21.7 million in salary, bonus and stock awards in 2009, the most recent pay figures available from the company. Mr. Tillerson's pay is more than double the combined $8.3 million that Statoil paid its nine top executives in 2010." According to regulatory filings, Statoil paid Helge Lund, its chief executive, 11.5 million Norwegian krone in 2010 (roughly $1.8 million at the exchange rate last year). There were no stock options in the mix, but Mr. Lund was required to use part of his cash pay to buy shares in the company and to hold onto them for at least three years. "Statoil, which is two-thirds owned by the Norwegian government, pays its top executives a small fraction of what ExxonMobil pays its leaders. But Statoil's share price has outperformed Exxon's since the Norwegian company went public in October 2001. Through March, its stock climbed 22.3 percent a year, on average, Mr. Meyer notes. During the same period, Exxon's shares rose an average of 11.4 percent annually, while the Standard & Poor's 500-stock index returned 1.67 percent, annualized. With executives like Tillerson the others on the list, the gap between U.S. CEOs and average worker pay is widening. The average private sector worker saw their compensation grow just about 2% in the last year. The good news is shareholders now have more "say on pay" because of the Dodd-Frank bill. Whether they exercise their rights and restrict CEO in a major way is yet to be seen.

To: Knighty Tin who wrote (126956)	4/12/2011 10:51:47 AM
From: Knighty Tin	2 Recommendations Read Replies (1) \| Respond to of 132070

A Daily Double of Idiots and Liars: 1. Fox Fictional News's "Fox and Fumbducks" morning show. They laughed when they heard that Planned Parenthood offers pap smears, std tests, cervical cancer tests and birth control consultations and prescriptions as 97% of their services. "All things you can get at Walgreen's," one Fox Fumbduck said. "Yeah, at Walgreen's," the other two cackled. Stephen Colbert took the best shot at them, stating he'd had his colonoscopy in the candy aisle and had to wait an hour in the coffee aisle before he got the pictures. He ordered enlargements for the rest of his family to see in the photo dept. I know Fox News watchers are no brainiacs, but one would hope that even those low grades are too smart to buy this crap. 2. Senator John Kyl of Death Panel state Arizona said that 90% of Planned Parenthood's activities were abortions. When called on this blatant lie, only 3% is abortions, Kyl said his statements "were not meant to be factual." Discerning Senate watchers have always known this. I can't blame this on the Tea Baggers. Kyl claims to be a Tea Bagger, but he was an A-Hole long before he ever had a cup of Caustic Comment Tea. John Kyl, "I lie, therefore I am."