This morning I have a little announcement. I have a couple of little announcements, but just one is occurring this morning.
Y’all know I like when there are comments and when PBE is collaborative. Over the last couple of years, one commenter has consistently caught my eye. I look as his comments and think “Dammit, why didn’t I think of that?” Example:
Different kind of stuck on stupid for you. This morning the Wall Street Journal has published the top 25 earning CEO’s of the last decade. Larry Ellison tops the list and Steve Job is #4.
The dark lord of the evil empire comes in at #16. He’s featured in an article about smaller companies CEO’s who made the list.
Here’s the link to the table of the most generously paid-
Here’s a link to the story that features the burgermeister
If you don’t have steam pouring out of your ears yet, then look at this months Wine Spectator. A small piece about Sauv Blanc with Chalk Hill Winery featured. These are the good ole’ days for that institution!
At tax time, many tea party folk were up in arms that 40% of earners didn’t pay any taxes (they didn’t earn enough), and in some cases, a few got checks from the IRS. Doing very little digging I found that over the past 30 years the bottom 40% of earners have seen their wages stand still. That group has had a 15% increase in pay, over those 30 years. The top 20%, on the other hand, have enjoyed a 75% increase in pay. Consider that when you look at this table. The folks on this table have enjoyed large salaries AND large raises. The folks who worked at Fidelity have enjoyed more time off and pink slips (or if they’ve kept their jobs, pay cuts and more work). When someone earning $500K gets a 75% raise that’s $375K! When someone who earns $50K gets a 15% raise that’s a $7.5K raise. It does take much to understand the massive wealth re-distribution.
During those same 30 years (yes, that begins with the Reagan deconstruction), we’ve continually heard how the top income earners are carrying more of the tax burden and we’ve heard that’s not fair. Try this one on; pay the folks at the bottom enough to tax them! Take a small sliver of the kings’ treasure you enjoy and pay the bottom 40% a little better. If they earn enough to tax, you’re tax burden becomes less.
Also on this list; Richard Fuld (Lehman CEO), Angelo Mozilo (Countrywide CEO), Sanford Weill (Citigroup)and Ray Irani (Oxy petroleum). Everyone one of these companies either had a hand in the financial failure and 1 company helps keep energy costs nice and high (Oxy actually makes fertilizers and ag products from oil).
I’m going to look in to Yoga or Pilates, or I’m going to pop a 2007 Davis Family Pinot for breakfast. At least I’ll be relaxed for the rest of the day!
Or why didn’t I know that. Halfway through a Canis Major Syrah the other day I thought “Hey! I don’t have to think of it, I can just let him think of it and put it on the blog”. I would like everyone to welcome my first legitimate contributing author here at PBE, titleslug. I’ll let him tell you about himself, but instead of his thoughts being buried in the comments section, he’ll have his own posts. Opinions of the authors are just that. I encourage everyone to log in and comment. The more collaborative PBE is, the more fun it is. What happens on PBE, stays on PBE.