Saturday, December 13, 2008

Best comeback article of the year

Beth Myers, the executive director of STITCH, asking those worker-bashing Republican toads:
Have you ever wondered what Japanese bankers make? According to a November 28, 2008 Wall Street Journal Story, executives at banks in Japan make A LOT less than their US counterparts. The gap is huge...But at Morgan Stanley, in which MUFG acquired a 21% stake in September, John Mack, the chief executive, alone took home five times that amount -- $41.4 million -- in the year ended Nov. 30, 2006. ... On average, chief executives at Japanese companies with more than $10 billion in annual revenues are paid about $1.3 million a year, including bonuses and stock-option grants, according to Towers Perrin, a consulting firm, based on data gathered between 2004 and 2006. But chiefs in the U.S. are paid about $12 million, and chiefs in Europe are paid $6 million. ... Which bank do you think Senator McConnell should call first?

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