Unbelievable. Or maybe not. Pfizer's stock is setting new records every day--rock bottom records not seen in over ten years.
When will it crash below $17? No one knows, but we're only fifty cents away!
So what about those humongous CEO pays over the last decade, did they deserve it?
Did they do something special, like Hanky boy McKinnell who took off with $200 mill in his knapsack. Did he deserve it?
Well, if he and the others did, they should have done something unique, that did set their companies apart.
Did they?
Nope, they all rode the same way up:
And now they're riding the same wave down.
Not one iota of difference between these companies, nothing the CEOs did that set any one of these companies apart.
Simply the mass efforts of thousands of hard-working scientists, sales reps and marketing people. And one guy who took the credit at each company.
So when the stock went up, all those self-important CEOs felt they deserved whatever they could lay their littly chubby hands on.
And now when their ships are going down, they still feel they deserve it, in order to keep themselves "motivated."
Capitalism has turned into a rigged shell-game, with the CEO the new self appointed aristocracy.
What did the French say?
OFF WITH THEIR HEADS!
Chop, chop.
Putin's Russia is looking better by the day. At least he's throwing some of the biggest oligarchs in jail.
How long will Americans put up with their oligarchs?
