How would you like to be paid millions for 11 months work? That’s what ousted Hewlett-Packard CEO Leo Apotheke pocketed.
Check out this Wall Street Journal blog report.
A more recent WSJ report here.
That package is all the more remarkable when you consider that during his tenure, H-P’s share value plunged.
Those big bucks that Leo received, however, pale into comparison with the hundreds of millions pocketed by those who gave us, and continue to give us, the Global Financial Crisis.
Meanwhile, many governments lie supine before the lords of finance, watering down every new regulatory proposal, imposing austerity on the people while many among the wealthy get away with a much lower effective tax rate than ordinary working people.
And we have people who argue that these top executives deserve their pay because of their ‘talent’ (or is it ‘connections’?), while the poor working people, the ones who feed us, house us and clothe us, must prove their ‘productivity’ in the face of shamefully low basic wages!