Saturday, December 17, 2011

Well-heeled Big Shots

With the end of the year approaching, there are those who are praying for a wage raise and even a good bonus and there are also those who don’t want to think too much about it because they are not that hopeful.

But it is different if they are senior management because they will know how to reward themselves. Now, according to UK's The Guardian’s webpage http://www.guardian.co.uk/business/2011/dec/14/executive-pay-increase-america-ceos
, CEO pay survey from corporate governance group GMI Ratings will fuel debate about America's widening income gap. The survey, the most extensive in the US, covered 2,647 companies and showed America's top bosses enjoying pay hikes of between 27 and 40% last year. America's highest paid executive, John Hammergren, CEO of healthcare provider McKesson took home more than $145.2 million! Compare this with the latest US government figures that show wages for the majority of Americans are failing to keep up with inflation.

Paul Hodgson, a senior research associate at GMI, remarked: 'This is ridiculous.' Now you know why the OWS protests refuse to peter out! The 1% continues to milk their companies.



It’s not just in America but in Malaysia too. These bosses made the news! It has already been alleged that the NFC big shots (i.e. Shahrizat’s family members - see photo above) are richly rewarded because they could show their superior skills at managing a failed project using Malaysian taxpayers’ monies and at the same time, taking the trusting public for a ride. Taken from blogpage at http://sakmongkol.blogspot.com/2011/12/single-spark-that-starts-prairie-fire.html, dated December 10, 2011:

CEO Shahrizat’s hubby): RM100,000 per month [Note: A mistake here. It should actually be Executive Chairman, not CEO]
Shahrizat’s first child, age 31: RM45,000 per month
Shahrizat’s second child, age 27: RM35,000 per month
Shahrizat’s third child, age 25: RM35,000 per month
TOTAL SALARIES PER MONTH RM215,000 per month

Since the NFC did not come out to refute the above, I will assume that the facts are correct. For sure, I am both envious and furious at this wanton abuse of power by UMNO crooks. Only when enlightened Malaysians go in droves to the polling booths can we stop this daylight robbery! Let’s do it when GE13 comes!

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