War means a windfall for CEOs

[rodeodance]

Source: msn



War means a windfall for CEOs

President Bush's military buildup and the conflict in Iraq have meant soaring profits for defense contractors and big paychecks for CEOs. But should we be concerned?


By Michael Brush

While policymakers in Washington wrangle over how much progress we've made in Iraq, one thing is clear: The war on terror is making some people rich.

President Bush's military buildup has caused defense-contractor revenue to double, triple and even more during the past five years, and their executives have reaped huge bonuses and stock windfalls as the companies' share prices have jumped.

Take a look:

* CEOs at top defense contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.

* The chief executives at the seven defense contractors whose bosses made the most pocketed nearly a half-billion dollars from 2002 through last year........

Read more: http://articles.moneycentral.msn.com/Investing/CompanyFocus/WarMeansAWindfallForCEOs.aspx

[tanyev]

1. War, what is it good for?

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[whosinpower]

2. And that my friends

Is why you went to war in the first place.

[donkeyotay]

3. So this must be Cheney's "enormous successes" in Iraq

"CEOs at top defense contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.

Annual gains over each of the last 5 years? This probably doesn't even count the contractor cronies that went from start ups to $100M contracts over night, the stock options or the billions that just disappeared. No wonder the WOT is going to last a looooong time.

K&R'd. More people should see this.