Things haven't changed at all in the corporate world. Goldman Sachs, who by the way, was one of the largest creators of the financial collapse that precipitated our current economic malaise, had profits fall 38% last year. They paid a $550 million fine to settle charges of misleading investors by deliberate fraud. So what do they do? Triple the salary of CEO Lloyd Blankfein to $2 million and grant him $12.6 million in shares. This same kind of crap has been going on in all kinds of American corporations for years now. SHAREHOLDERS: YOU can fix this kind of crap! Vote the backscratching crooks off the board of directors. (See previous post about interlocking directorates)
Exxon Mobil earned $9 Billion in profits the last quarter of 2010. $30.5 billion for the year! While they drive a spike into the casket of the American economy with sky high energy prices. Been complaining about the price of gas lately? Well bend over farther, because the price of oil/gas trickles down to every single thing we buy. It takes energy to produce and transport goods. While Exxon surely has a right to make a profit on their investments, I ask again, how much money is enough? I would like to see a complete accounting of where they're investing these incredible windfalls. How much are they investing in America, versus "global" businesses? How much did they actually pay in American taxes? Or did their bought politicians stick so many loopholes in the tax code that they didn't pay anything at all?????? We need to demand answers.
Dumb Farmer
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