CEOs
Every time I see an article about how much CEOs of major companies get paid, I get really, really mad. This article reports on a few CEOs' holiday bonuses this year of 11.5 million and 38 million. Thirty eight million- on top of salary! How much do you bet that even if that company had 38,000 employees they didn't get $1000 each in bonuses this year?
The article also mentions The Protection Against Executive Compensation Abuse Act, which proposes that companies must be more transparent about their CEOs' compensation, bonuses, golden parachutes, and performance ratings. Sadly, this is necessary legislation. Some CEOs' compensation packages include the company paying their taxes.
So you've got the boards of directors (always rich white former CEOs of companies who get paid huge amounts to sit on the boards and advise) voting for bonuses to current and future CEOs they recruit. Then the most powerful people in government vote for tax cuts for these same people- their friends. This kind of corporate and governmental inbreeding is typical of the Baby Boomer generation.
I hate the Baby Boomers and I don't understand why more people don't express this same opinion. Oh, I know why! Because Boomers are clogging up the government and the top of every company and media empire, making the same hypocritical, self-involved, environmentally irresponsible, screw-the-younger-generations decisions that one comes to expect from the former members of the Peace and Love movement.
On that note, I strongly recommend that everyone in Generation X and younger pre-order this book: Anya Kamenetz's Generation Debt: Why Now is a Terrible Time to be Young. Anya reports on how our generation is saddled with more debt than any other in history- due in no small part to corporate back-scratching- for the Village Voice. I sincerely hope this is a wake-up call to the younger generations to make some changes that take our futures into consideration for a change. We need to overhaul the credit card industry, the university industry, and make education a priority again. It won't be easy, since the Baby Boomers are the largest generation and older people tend to vote more. But it's crucial.
One thing the Baby Boomers say is that Generations X and below are apathetic and bitter. They seem to have no idea that this is entirely their fault. We've seen the generation who said they were going to change the world into a better, more peaceful, conscious place to live give up those ideals and embrace the exact opposite. It's really time for us to call them on their bullshit.
Power to the (young) People!
The article also mentions The Protection Against Executive Compensation Abuse Act, which proposes that companies must be more transparent about their CEOs' compensation, bonuses, golden parachutes, and performance ratings. Sadly, this is necessary legislation. Some CEOs' compensation packages include the company paying their taxes.
So you've got the boards of directors (always rich white former CEOs of companies who get paid huge amounts to sit on the boards and advise) voting for bonuses to current and future CEOs they recruit. Then the most powerful people in government vote for tax cuts for these same people- their friends. This kind of corporate and governmental inbreeding is typical of the Baby Boomer generation.
I hate the Baby Boomers and I don't understand why more people don't express this same opinion. Oh, I know why! Because Boomers are clogging up the government and the top of every company and media empire, making the same hypocritical, self-involved, environmentally irresponsible, screw-the-younger-generations decisions that one comes to expect from the former members of the Peace and Love movement.
On that note, I strongly recommend that everyone in Generation X and younger pre-order this book: Anya Kamenetz's Generation Debt: Why Now is a Terrible Time to be Young. Anya reports on how our generation is saddled with more debt than any other in history- due in no small part to corporate back-scratching- for the Village Voice. I sincerely hope this is a wake-up call to the younger generations to make some changes that take our futures into consideration for a change. We need to overhaul the credit card industry, the university industry, and make education a priority again. It won't be easy, since the Baby Boomers are the largest generation and older people tend to vote more. But it's crucial.
One thing the Baby Boomers say is that Generations X and below are apathetic and bitter. They seem to have no idea that this is entirely their fault. We've seen the generation who said they were going to change the world into a better, more peaceful, conscious place to live give up those ideals and embrace the exact opposite. It's really time for us to call them on their bullshit.
Power to the (young) People!
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