December 22, 2006

The United States: A country run by a cozy club of corrupt rich white businessmen, with no oversight, spinning dangerously out of control



Pfizer Inc.'s former chief executive, Henry A. McKinnell, who was forced into early retirement in part because of investor anger about his rich retirement benefits, will get a retirement package totaling more than $180 million, a new regulatory filing shows.

23 comments:

Anonymous said...

An absolute insult to shareholders. will be voting that Board of director compensation committee out come next proxy!

Anonymous said...

Every pfill that grandma has to buy ought to have his picture on it.

"Thanks for buying my third yacht!"

brokersleaveyoubroke said...

In true capitalism the big rewards should go to the people who risked their own money to build a company, not to guys like this who were just doing a job. Payouts like that are just plain stealing. They load the board with their friends and their friends give them huge chunks of money which really belongs to the shareholders who risk their money.

Anonymous said...

So what can be done to give shareholders more of a direct vote in how they run their company?

It's their money being looted.

BubbleShanker said...

Let the shareholders tell the CEO what he is going to make, period! They are the owners of the company.

BubbleShanker said...

And for losing billions in market cap, this bozo deserves nothing but a fast, hard kick to the face.

Anonymous said...

It's P/E is 15.1 - not exactly out of the world but not exactly a bargain either. The dividend yield is 4.47% When you buy into a company you are taking on risks that should be rewarded. The present price is just under $26 per share and the ten year high was $50. What do you think - worth the risks? Worth putting your money into the hands of people like this guy who is probably paid several hundred times the wage of his lowest paid employee? I guess he puts his pants on different than everyone else and doesn't stink up the joint when he takes a sh*t.

Anonymous said...

Well, if you feel strongly about Pfizer and the leadership at the top given this example, step into the breach and buy some shares bro. The folks at Scott Trade will be more than happy to help you out there.

Anonymous said...

I'm not advocating Socialism at all. I rather like Capitalism. But, have you ever been to an estate or farm auction and some di*khead will show up with more money than common f*cking sense and he'll bid up the price of a rake for more than the dam*ed thing will sell for at the True Value? Well, that's what is going on here junior. Most of these bush leaguers don't do a bit of research or think about what they are getting for their money. Wake up, Joe "investor" is getting a paltry return for his invested dollar while the management is robbing him blind.

FlyingMonkeyWarrior said...
This comment has been removed by a blog administrator.
Anonymous said...

as part of management I quite honestly don't care.

"Joe "investor" is getting a paltry return for his invested dollar while the management is robbing him blind."

buzz kill said...

Tanks FMW. Signed, Douglas MacAuthur.

I vote for a military coup d'etat, to be followed by guillotines en masse in front of the capitol building and down on Wall Street. There, that's more French than I've used in a long time.

buzz kill said...

I'd trust Ahmadinejad with my money before the bunch that is running this country. lol.

Richard said...

Won't be long now...all our economic woes will be blamed on them "terrorist" keeping our oil from us.

BTW - it will cost me $3500.00 to have my bunker buried.

This will be cheap cheap in a years time.

http://www.informat ionclearinghouse .info/article159 68.htm


Target Iran:


Former UN Weapons Inspector Scott Ritter and Investigative Journalist
Seymour Hersh on White House Plans for Regime Change


The aircraft carrier Eisenhower and its strike group entered the
Persian Gulf on Dec. 11. Another aircraft carrier, the Stennis,
is expected to depart for the Gulf within the next month. The
military said it is also taking steps to prevent Iran from
blocking oil shipments from the Gulf.

Richard said...

Should not be a mystery that oppressed people strike back at what is valued most.

Terrorist attack on gas pipeline from Azerbaijan to Georgia - Georgian TV

20:56
|
22/ 12/ 2006







TBILISI, December 22 (RIA Novosti) - A section of a gas pipeline through which Azerbaijan delivers natural gas to Georgia has been damaged in a terrorist attack, a Georgian TV channel reported Friday.

The Rustavi-2 channel, citing sources in Azerbaijan, said the South Caucasus (Baku-Tblisi-Erzerum) pipeline pumping gas to Georgia from Azerbaijan's Shah Deniz field in the Caspian Sea was seriously damaged by an explosion December 20.

Officials both in Tbilisi and in Baku have not confirmed the report.

Georgian Prime Minister Zurab Nogaideli said earlier Friday that natural gas deliveries from Azerbaijan to Georgia have been suspended for several weeks for technical reasons.

Nogaideli said Georgia will buy Russian gas at a new price of $235 per 1,000 cubic meters until gas supply from Azerbaijan is restored.

Georgia has until now received most of its natural gas from Russia at $110 per 1,000 cubic meters, but Russian natural gas monopoly Gazprom has doubled the price as of 2007.

Gazprom signed three contracts Friday on supplies of 1.1 billion cubic meters of gas to Georgia in 2007 at $235 per 1,000 cubic meters on condition that 2006 supplies total 1.8 billion cubic meters.

Richard said...

New York Times, December 12, 2006

JUDGES FOR SALE


"It is no longer shocking that special interests have proved adept at corrupting Congress and state legislatures by using humongous campaign contributions to win government favors. Now, though, these same special interests are turning their attention, wallets, and political firepower to buying up state judges, calculating -- correctly, sad to say -- that pouring millions into helping to seat judges likely to side with them in important cases can be a darn good investment."

Opened Eyes said...

Franklin Raines of GNMA corruption is black; why bring race into it? The stock market is for suckers.

keith said...

of the 500 fortune 500 ceos, 480 are men, 20 are women, 496 are white, 4 are black, none are black women

http://money.cnn.com/magazines/fortune/fortune500/womenceos/

any questions?

Joey said...

It's crony capitalism, even worse than the kind the USA preached against to Asians during the 1990s.

I'm telling you, sometime in 2008, a small midwest farmer will capture the imagination of the country, with his attacks on the Bankers, Moneylenders, Neocons, Hollywood, and CEOs. He will win in a landslide. And then we have martial law, and a little cleansing to do!

:-)

Anonymous said...

See Jim Kunstler's comments on this at clusterfuck nation. For all of you who mindlessly buy company stock and then vote by proxy and who don't know how to see how your money is spent or read a balance statement, one phrase. You deserve what you have received no different than someone who buys an overpriced shack with a big tax bill. Nation of idiots.

Anonymous said...

See Jim Kunstler's comments on this at clusterfuck nation. For all of you who mindlessly buy company stock and then vote by proxy and who don't know how to see how your money is spent or read a balance statement, one phrase. You deserve what you have received no different than someone who buys an overpriced shack with a big tax bill. Nation of idiots.

Great point and thanks for the reference to Kunstler's website.

Anonymous said...

as part of management I quite honestly don't care.

"Joe "investor" is getting a paltry return for his invested dollar while the management is robbing him blind."

I hope that one of your peons one day decides he doesn't have anything worth living for and decides to take as many of you management types (and a few of their family members) with him into the great beyond - I really do. Who are you anyway? Part of the Bush team?

Anonymous said...

What a pastey faced beady eyed wuss!