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Author:

Jam ok

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Date:

05/02/16 at 2:19 PM CDT

 

 

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WAY Ot - Hilary and CEO pay

<p>Capital Group, which is a mutual fund management giant with $1.4 Trillion (that's what they said) under mgmt. has been known to be critical of the magnitude of fund manager's compensation.  They reported that they supported 'sayon pay' requests of their own managers only 86% of the time, whereas of the industry of top (500?) companies, the boards supported 'say on pay' measures 96% of the time. While those measures then go to shareholders for a vote (anybody read those mini-tomes you get every quarter?), imagine if you already had  a fairly obscene salary, and if you asked your boss for another one, there was only a 4% change they would not support it? Cha-ching.</p> <p>And try as I might, I'm not 'with' Hilary. When she's not lying about good jobs for the middle class and how she's going to bring back jobs from overseas, she's 'calling out' CEOs whose salary is way out of proportion to what they pay workers. (I recently saw that the average salary of CEOs of the top (500? 100?) S and P companies was $14.3 mln.) Hilary earned 28 mln. last year. I know all politicians have to be hypocrits for one reason or another. But this is beyond the pale. No wonder she has such high negative ratings - a lying weasel. I wish Bernie just started calling her "The Great Satan.", following Bohner's example.</p> <p>And I would *love* to read the transcripts of the Goldman speeches Goldman paid her $675,000 for which she refuses to release. She's not dumb. Her  answer as to why she accepted a per-hour speech compensation of $225k - "because that's what they were offering" looks so dumb because she doesn't have a better one. (I have wondered if someone answered that way when asked to explain the huge amount they took as a bribe, how long it would take to tar and feather them?) I highly suspect that, if released, it would look a lot like the 'secret recording' of Romney shamelessly wooing high dollar donors by talking about 47% of the people being leeches off the government. Or maybe it'd just be her 'Lassie' imitation ("roll over  girl - there's a good doggie.') End of rant.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p>

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