3 CEOs made $460 million

Static · #1 (**permalink**) 03-06-2008, 02:06 PM

3 CEOs made $460 million - House panel - Mar. 6, 2008

I posted something about Enron and the Mortgage Crisis a while back, basically saying how the execs totally fucked everyone over bigtime, and RW said something like 'the execs had nothing to do with the mortgage crisis..." I dont really remember, but this is for you man, $460 million is kind of a lot of money...especially for 3 people. So good game.

WillyBubba · 03-06-2008, 03:10 PM

It's actually over a course of five years, which comes to about 36 million a year (if it went evenly between the three). Still large, but I feel a bit more in perspective.

Companies, even those that are failing or have hit hard times, still have to pay their employees. Furthermore, it's up to the investors to investigate the companies they are dealing with and even then, the market fluctuates and there is no way to guarantee things won't go south, especially when you're giving loans to people who shouldn't have them.

**Brother of Yeshua** · 03-06-2008, 03:43 PM

in 2005, the average increase of salary for the top tax bracket in America was greater than the COMBINED SALARY INCREASE of the entire bottom 20% (or maybe 40% I cannot remember).

No one seems to notice the pile of statistics we have that look identical to a third world economy.

Apparently if we have bigscreen tvs, everything is ok.

rightwinger · 03-06-2008, 05:34 PM

Quote:

I posted something about Enron and the Mortgage Crisis a while back, basically saying how the execs totally fucked everyone over bigtime, and RW said something like 'the execs had nothing to do with the mortgage crisis..." I dont really remember, but this is for you man, $460 million is kind of a lot of money...especially for 3 people

Especially when the company is losing money...but again. The mortgage crisis was not caused by the CEOs.

Enron was "cooking the books" They were committing fraud, when it was found out...the company went under, and everyone lost their money.

The mortgage crisis was caused by various factors. The housing bubble burst, and people were making unwise investments. They were taking mortgages, that were basically "pay nothing now, pay tons later" and when the "pay tons later" part came up, they defaulted. It was a combo of irresponsible mortgage practices on both the part of the investor, and the person loaning them the money.

Enron's problem was basically executives fucking everyone over. Literally, that's what they did. On purpose too, they knew what they were doing. They were committing fraud.

This may be a few CEOs getting paid too much. That's not a crime. That's not the cause of the mortgage crisis.

It's not a comparable thing. The congressional hearing, is congress trying to look like it's nailing the crooks, when there are crooks all around, and one of the big crooks...were the people making the investments.

**Brother of Yeshua** · 03-06-2008, 11:35 PM

Everyone lost money except the top Enron execs and their buddies. Then they moved HQ to Dubai City in the UAE.

Assholes.

rightwinger · 03-06-2008, 11:58 PM

Quote:

Originally Posted by Brother of Yeshua

Everyone lost money except the top Enron execs and their buddies. Then they moved HQ to Dubai City in the UAE.

Assholes.

Enron is gone.

Halliburton is the one that moved to Dubai.

**Brother of Yeshua** · 03-07-2008, 12:45 AM

Quote:

Originally Posted by rightwinger

Enron is gone.

Halliburton is the one that moved to Dubai.

My bad. But tomato, tomahto. It's all the same douchebags participating in all the same douchebaggery, and aiding others to join in on the bagging of the douche.

There's some crossover between the two, I got them confused.

And i was just at the bar earlier (probably the larger reason). Thanks for at least trying to stop me from making a fool of myself (whoops too late).