He was CEO of the hamburger behemoth, McDonald's, pulling down a hefty $8.8 million in pay. Last year, though, Skinner retired, and, rather than getting a gold watch, he was given a load of gold — so large that even a Brink's armored truck would have been too small to haul it all away. His salary of $753,000 was the least of it.
The Big Mac chain also served up $1.7 million to the chief in stock and $3 million in option awards. Then it slathered on another $10.2 million in retirement pay. All that was topped by a super-rich dessert: $11.6 million in "incentive pay."
What? Why does a guy with millions already on his food tray need any incentive to do his job? Maybe because Skinner found it hard to stomach the biggest part of his job, which was to pay poverty wages to McDonald's workers, shove thousands of them onto food stamps and other programs paid for by taxpayers, and lobby aggressively to prevent any increases in the minimum wage or any tax hikes on uber-rich elites like him.
It's dirty work, but Skinner did it, finally skipping away with a 2012 pay package totaling $27.7 million. Yet, in the phantasmagoric plutocracy of CorporateLand, too much is not enough. Last year, for the first time ever, the 10 highest-paid CEOs in America hauled in at least $100 million each, even as the great majority of workaday families have lost income.
This gaping (and ever-widening) inequality is the greatest threat to our society's cohesion. Too few people now control an unconscionable and untenable share of America's money and power, using it to grab more of both for themselves. They can build a $100-million wall, but it won't be high enough to hide their greed from the rest of us.
But there's an added dimension to this inequality that you might find especially interesting: Not only are low-wage corporations overly generous to their top dogs, but so are you and I.
For example, I'm sure you'll be as delighted as I am to know that we — all of us taxpayers together — contribute day-in and day-out to the very big global cause of Supersizing McDonald's.
The world's largest hamburger chain is a particularly needy charity case, because without your and my generous tax support, the Big Mac bosses in charge would have to pay a living wage to their 860,000-plus American workers. But, thanks to us, the $27 billion-a-year hamburger-flipping flim flammers can get away with paying poverty wages — and then send their workforce to get food stamps, Medicaid, child welfare payments, public housing and other tax-funded poverty benefits. This public subsidy of the Golden Arches adds up to a very golden $1.2 billion a year. What a creative business plan! Who says giant corporations aren't enterprising?
Well, sniff the chain's top executives; we operate on razor-thin profit margins, so we can't afford to throw money at workers. Really? Last year's $5.6 billion in profits doesn't sound thin to me. Also, note that McDonald's more than tripled the pay of its new CEO last year, elevating him from $4.1 million to $13.8 million.
But what really galls its workers (whose low wages and forced part-time schedules mean they average less than $12,000 a year) is that the taxpayer-subsidized profiteer laid out a fat $35 million in October to add a brand new executive jet to its corporate fleet. This one is a "Bombardier 605" with the full package of luxurious amenities, and it cost $2,500 an hour to fly it.
Just flying one hour on the Bombardier cost more than the combined hourly wages of more than 300 McDonald's workers. Remember, you're subsidizing this. Aren't you just "Lovin' it," as the chain's ad slogan puts it? To tell McDonald's CEO that this is immoral, go to OurFuture.org.
Link to original article from Creators.com
U.S. efforts to overthrow foreign governments leave the world less peaceful, less just and less hopeful.
Soon after the 2004 U.S. coup to depose President Jean-Bertrand Aristide of Haiti, I heard Aristide's lawyer Ira Kurzban speaking in Miami. He began his talk with a riddle: "Why has there never been a coup in Washington D.C.?" The answer: "Because there is no U.S. Embassy in Washington D.C." This introduction was greeted with wild applause by a mostly Haitian-American audience who understood it only too well.
Or How the U.S. Military Avoided Budget Cuts, Lied About Doing So, Then Asked for Billions More
Washington is pushing the panic button, claiming austerity is hollowing out our armed forces and our national security is at risk. That was the message Secretary of Defense Chuck Hagel delivered last week when he announced that the Army would shrink to levels not seen since before World War II.
Washington is pushing the panic button, claiming austerity is hollowing out our armed forces and our national security is at risk. That was the message Secretary of Defense Chuck Hagel delivered last week when he announced that the Army would shrink to levels not seen since before World War II. Headlines about this crisis followed in papers like the New York Timesand members of Congress issued statements swearing that they would never allow our security to be held hostage to the budget-cutting process.
The U.S. is backing Ukraine's extreme right-wing Svoboda party and violent neo-Nazis whose armed uprising paved the way for a Western-backed coup. Events in the Ukraine are giving us another glimpse through the looking-glass of U.S. propaganda wars against fascism, drugs and terrorism. The ugly reality behind the mirror is that the U.S. government has a long and unbroken record of working with fascists, dictators, druglords and state sponsors of terrorism in every region of the world in its elusive but relentless quest for unchallenged global power.
America's military adventures have fueled a global explosion of terrorism and a historic breakdown of law and order.
Twelve years into America's "war on terror," it is time to admit that it has failed catastrophically, unleashing violence, war and instability in an "arc of terror" stretching from West Africa to the Himalayas and beyond.
The implementation of the Iran accord Monday signaled a modest but still important sea change in that country’s relationship with the world. As with all good diplomacy, the deal is a win-win for Iran and the United Nations Security Council’s permanent members.
MONTREUX, Switzerland (AP) — The United Nations is taking a day to see if there is enough common ground between Syrian President Bashar Assad's government and the opposition to talk directly for the first time since the rebellion began in 2011.
The talks in Syria began today, with the Syrian government and opposition exchanging accusations and invectives. Missing was the voice of nonviolent civilians, especially women, even through they have been trying for months to have a seat at the table.
At least ten states will be sites for testing drones — unmanned aircraft — in the next couple of years, the Federal Aviation Authority (FAA) announced on Monday. Six institutions have been authorized to operate test locations for the use of drones and for studying how they will interact with air traffic systems.
As we end the longest period of war in our history, we should be entering a period of postwar downsizing - but what about the communities dependent on the massive post-9/11 military budget?
End wars. Shrink the Pentagon budget. Reinvest the savings in neglected domestic priorities. It’s a logical progression. Right?
Washington, D.C.— Congresswoman Barbara Lee (D-CA) issued the following statement on the passing of former President of South Africa Nelson Mandela:
Iraq is still suffering from the US invasion because the apparatus of state oppression and terror is still in place, killing people every day. But few in the US seem to realize the scale of the war crimes committed in Iraq, an expert author told RT.
Having the most expensive and destructive military does not make the American people safer. The idea of U.S. "national security" seems inextricably entangled with the notion of "military supremacy."
All of a sudden we’re talking to Iran. Now, granted, that shouldn’t be such an astonishing bombshell. But given the reality of the last several decades, it pretty much is. And that’s all good. It’s been too long coming, it’s still too hesitant, there’s still too much hinting about military force behind it… but we’re talking. Foreign minister to foreign minister, Kerry to Zarif, it’s all a good sign.
A trillion dollars. It's a lot of money. In a year it could send 127 million college students to school, provide health insurance for 206 million people, or pay the salaries of seven million schoolteachers and seven million police officers.
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