Phil Gramm calls CEO who received $158 million "the most exploited worker in American history"

[brentspeak]

I found out about this from Frank Rich's article this morning (http://www.nytimes.com/2008/07/20/opinion/20rich.html?ref=opinion).

Here's what Turtle Man told toadie Stephen Moore of the WSJ-Opinion Journal : (Disclaimer: the WSJ' reporters are excellent; its editorial staff, which includes Moore, is a joke)

Most of his former colleagues probably can't fathom why Wall Street bankers make tens of millions of dollars in salaries and bonuses each year. How would he justify these fat pay days? "It's simple," he lectures, sounding very much like the Texas A&M economics professor that he was in the 1970s: "In economics, we define labor exploitation as paying people less than their marginal value product. I recently told Ed Whitacre he was probably the most exploited worker in American history because he took Southwestern Bell, which was the smallest of the former Bell companies, and he turned it into the dominant phone company on earth. His severance package should have been billions."

http://online.wsj.com/article/SB121460589609712025.html?mod=googlenews_wsj

I don't know. Maybe we should take up a collection for poor "exploited" Ed.

[TwilightGardener]

1. I really, really wish Gramm had stayed on as an economic advisor.

He was a gift that would have kept on giving.

[undeterred]

2. Even when these asshole CEOs destroy a company

they leave gracefully, with millions handed to them.

[Deja Q]

12. Golden parachutes as a gift for giving golden showers.

[marmar]

3. The more Phil Gramm opens his mouth, the more stupendously ridiculous shit comes out....

..... He will merit his own chapter when someone writes a book about the downfall of America.

[hobbit709]

4. I'd let myself get "exploited" for $158M

These people need to get shortened.

[Deja Q]

14. That sounds like prostitution. Naughty naughty.

:hide:

[Mr. Blonde]

5. How much would you say his job was worth? n/t

[warrior1]

6. Wow

Fuck you Phil Gramm. You're what's wrong in America. Greed.

[fascisthunter]

7. Here's a man that deserves to be stripped of all his wealth

[bluerum]

8. Ed did it all by himself too. No one on the ground running cable for that fat cat.

What a load of dingos stool.

Whitacre may be at the top, but he sure as hell did not build the company by himself. This one of the most indefensible of the corporate raiders stock defensive lies. I am surprised gRamM even used it - he must be starting to,,, implode.

[rucky]

9. Gramm speaks for the voiceless downtrodden.

Sainthood?

[varkam]

20. Your post...

gave me a great big belly laugh

:rofl:

Thanks for that :thumbsup:

[TheCowsCameHome]

10. He'd be a dandy roommate for Jesse Helms or Jerry Falwell.

What a worthless pile-o-crap.

He's an insult to turtles, too.

[Wiley50]

11. Somebody PLEASE Smush That Bug! n/t

[Deja Q]

13. Let Gramm, who is obviously whining, set up the collection. We can't afford to.

[izquierdista]

15. Economics professor

"So-called" economics professor, that is. What he was professing was pure unadulterated capitalist bullshit, not economics. "It's simple," he lectures, "just like the dinero-olfactory cortex in my brain, which causes me to turn and grovel in the direction of those who can wave the most money."

What is it about Texas that assholes such as this one, Tom Delay, and the supreme insult, Dubya himself, can launch successful political careers there?

[Name removed]

16. Deleted message

Message removed by moderator. Click here to review the message board rules.

[izquierdista]

17. I just asked the question

It seems it took all of four minutes to get the (correct) answer. :evilgrin:

[indepat]

18. Gramm: one of the most despicable and loathsome individuals ever to grace the

hall of Congress imo. :D

[AzDar]

19. He's a real piece of work, ain't he?

:puke: