Looks like some of those damn capitalists are making uncomfortable comparisons between executive pay and shareholder (or in this case policyholder) dividends again. From the Boston Globe: “Phantom stock and phony options still add up to nearly $200 million in very real United States currency, all of which (the former CEO) took out of Liberty Mutual in his last four years as chief executive…The only phantom anything are the dividends that never got paid to the policyholders that actually own Liberty Mutual. What these owners got were rate hikes, while Boston and Massachusetts residents gave the company $46.5 million in tax breaks, all to help fund an utterly grotesque level of executive pay.” The board members and current executives defend that pay. “Friday’s performance revealed that these guys are so out of touch that they truly, honestly believe they’re worth that million a week, or $192,000 a day, or $24,000 an hour – and can’t for the life of them imagine that you don’t. They actually believe the system is fair, the one they stacked with interlocking boards of directors of like-minded people paid a couple of hundred thousand dollars a year to approve each other’s pay.”
The Latest
E.U. Model For Asia
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The time is right for an E.U. style union in Asia. The sluggish global economy makes it a good time for building economic unions because political leaders are apt to be open minded to possibilities that will improve their economies.
A BROOKLYN POLITICAL LOVE STORY: THE QUEEN IS GONE; LONG LIVE THE QUEEN.
|I was out of the country for a couple weeks and because of this I missed the passing and funeral of a political friend and activist-ally: Jenny Ortiz-Bowman. Those of us who knew her well called her “The Queen”. I knew of her long before I formally met her and worked with her in 1996. She was one of the many colorful people who played the Brooklyn political theater in the last half-century.
The Gateway (Anthrax Nostalgia Edition)
|David Segal to be rehired?
This is certainly Councilman Rodriguez's right, but I have to ask, did I miss the part where Segal admitted that what he did was wrong?
By his refusal to say that throwing a burning rag into a building was wrong (Segal admitted only to it being ineffective protest), Segal has openly embraced the viewpoint that such acts of terror are morally justified.
Prime News
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The Gateway (Queen Dean and Princess Eric Edition)
|Displaying its usual scrupulousness about facts, the Post editorializes about Charlie Rangel's non-existent challenge of Clyde Williams' petitions.
The Gateway (Make My David Editiion)
|Orthodox Pundit has practically baited me into responding to his story about the supposed "poll" conducted by "Innovation PAC" in the 7th CD Congressional race.
ATTORNEY TERRY HINDS FORMALLY ANNOUNCES CHALLENGE TO ASSEMBLYMAN NICK PERRY
|Last night on a Brooklyn Cable Access Television (BCAT) program, attorney Terry Hinds formally announced his challenge to Assemblyman Nick Perry, for Brooklyn’s 58th assembly district. The date for this year’s state primary elections is still not known; but rumors abound that we will have an August election-date instead of the usual post-Labor Day September-primary. Jamaican-born Nick Perry has been the elected representative here since 1992, and has only faced three primary challenges during his long tenure.
I Feel Like I’m Fixin’ to Die Rag
|Poor David Segal.
Last week, Segal was the spokesman for a member of the NYC Council.
What Is the Real Reason the Presidential Race Is Already So Tight?
|"A better America begins tonight," Romney told supporters in Manchester, New Hampshire.
Dare I say it? Could it be? Romney sounded presidential.
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