Woohoo! The recovery is in full swing!

[progressoid]

If you are a bank exec. :woohoo:

Executives at financial firms who received bailout funds get big salaries, report says

Chief executives of the top 20 financial firms that received taxpayer bailout funds averaged $13.78 million in personal compensation last year, according to a report released today.

The annual “Executive Excess” study, a project of the Institute for Policy Studies, this year looked at bank recipients of Troubled Asset Relief Program funds. Those 20 firms, which eliminated more than 160,000 jobs since Jan. 1, 2008, awarded a combined total of $3.2 billion— including bonuses — to their top five executives.

The compensation for those 100 top executives “would bankroll 66 weeks of unemployment insurance benefits for 160,000 workers,” the report said.

“America’s executive pay bubble remains unpopped,” said Sarah Anderson, who has worked on 15 previous executive pay reports.

...etc.

... http://www.kansascity.com/business/story/1419397.html





Actually, looks like the recession never really hurt these guys.

[DJ13]

1. The "green shoots" propaganda reminds me of this photo

......from the last depression

[progressoid]

2. Yeah, pretty mich my feeling.

It's like the "Richest country in the world" blather. A lot of the country don't get any of the riches in richest.

[progressoid]

3. Yup.

Time to log off.

[progressoid]

4. self delete