culture, politics, commentary, criticism

Thursday, January 25, 2007
How big was your raise? All ledes from today's Wall Street Journal:
Merrill Lynch CEO Stan O'Neal* saw his 2006 pay rise 30% to $48 million, making him the second-highest-paid Wall Street chief.

Lockheed Martin posted a 28% jump in profit, while Northrop recorded a 37% rise for the quarter. Both defense contractors issued upbeat outlooks for 2007.

For years, hedge-fund manager Wolfgang Flöttl enjoyed the kind of lifestyle available to the very best in his profession. He built an art collection that included works by Van Gogh, Picasso and Cézanne. [...] Mr. Flöttl, the son of Bawag's former chief executive, was one of the bank's highest-flying customers. Austrian prosecutors say they discovered that Mr. Flöttl's hedge-fund investments soured eight years ago, causing Bawag [one of Austria's largest banks] to lose more than $1 billion. But the bank hid those losses from auditors for seven years through a complex series of transactions involving Refco, the prosecutors say.
Why didn't my pay increase by 32%? Why isn't my daddy-banker willing to hide my billion-dollar losses? I can't figure it out.

Someday we'll look back on all this and nod to Karl Marx.

*O'Neal, naturally, is a Bush Ranger, having bundled more than $200,000 in campaign contributions. The Ranger designation puts him in the elite company of
Jack Abramoff, Dennis Hastert, Ken Lay, and Tom Noe.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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