Saturday, December 11, 2004


Here's a nice soundbyte:

[From] Pay without Performance: The Unfulfilled Promise of Executive Compensation

Aggregate top-five compensation was equal to 10 percent of aggregate corporate earnings in 1998-2002, up from 6 percent of aggregate corporate earnings during 1993-1997.

Got that? A full ten percent of corporate earnings go to the top five people in the company. The. Top. Five.
(via Kevin Drum)

Yep, oligarchy. Tell me again what's so bad about progressive taxation?

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