blue calla lily, the treespirit project, wealthy executives fueling pension crisis
July 2, 2006 at 8:47 am | In art, progressive, working life | No CommentsDifficult to describe, how about people in tress not wearing clothes. It looks like a photo shoot for Abercrombie and Finch that turned into a party. Still though tastefully done is not safe for work. Maybe because black and white is such a great medium for contrast and proportion they were my favorites.
A History of Publishing, and Not Publishing, Secrets
WSJ report proves executive payouts fueling America’s pension crisis
The public is led to believe that companies are slashing workers’ pensions and backing out of their retirement promises to workers because these companies face a cash squeeze caused by the market. But in a major investigative report, Schultz points out that an “analysis of corporate filings reveals that executive benefits are playing a large and hidden role in the declining health of America’s pensions.” The key findings are stunning:
- Boosted by surging pay and rich formulas, executive pension obligations exceed $1 billion at some companies. Besides GM, they include General Electric Co. (a $3.5 billion liability); AT&T Inc. ($1.8 billion); Exxon Mobil Corp. and International Business Machines Corp. (about $1.3 billion each); and Bank of America Corp. and Pfizer Inc. (about $1.1 billion apiece).
This was pretty revealing to me. I was convinced by several articles at this point that maybe, just maybe that some of us wage slaves were being too demanding. Turns out the media wasn’t doing its homework again. me anyway it is a pretty radical idea to run an economy that bends over backward not to reward work, but to reward wealth with more wealth.
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