Inequality

Union guy stealing my cookie

From BNET,

Today’s CEOs think Henry Ford was a chump. Case in point: Larry Young, the CEO of the Dr. Pepper Snapple Group. In 2009, DPS made $555 million in profit and has never been in better financial shape. Young’s strategy going forward: cut the pay and benefits of the company’s factory workers.

…According to SEC filings, in 2009 Young received a combined salary and stock awards of over $6.5 million a year. He also receives a free automobile for both business and personal use, an annual allowance for financial planning and tax preparation, and the right to “travel by corporate jet (chartered or company-owned) for all business and personal air travel.” As an extra perk, the company even pays Young an extra $150,000 “to cover the taxes accruing to Mr. Young as a result of this benefit.”

This is the guy who thinks that it’s unreasonable for a factory worker to earn $19 an hour.

Where is the outrage? Where is the anger?

Categories: Inequality, Smile

5 replies »

  1. Hard to understand how much workers are being abused, how Unions area relatively very ineffectual, and how ruthless big business has become … And yet there is no marching in the streets in protest.

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  2. Marching on the streets isn't going to (and didn't) solve anything. The 1%'ers in the ivory towers thought it was quite entertaining, in fact. While it lasted, that is.

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