Posted in Energy and oil, financial crisis, fraud, Leaders, politicians, celebrities, Oligarchs, tagged arrogance, BP, cheating, Chief executive officer, corruption, deception, Deepwater Horizon, fraud, Gulf of Mexico, Les Visible, lies, looting, Macondo Prospect, Mordor, oil spill, Oligarchs, overwhelming, self-serving, Steven L. Newman, The Wall Street Journal, Transocean, Wall Street Journal on April 3, 2011 |
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Transocean's Deepwater Horizon oil rig
Transocean Ltd., the company that owns the Deepwater Horizon oil rig that caused immeasurable damage to the Gulf, recently gave its top executives “two thirds of their total possible safety bonuses.”
This was despite the explosion of its oil rig that killed 11 people and spilled over 200 million gallons of toxic oil into the Gulf of Mexico.
Why did execs get “safety” bonuses?
For achieving the “best year in safety performance in our company’s history.”
Note: Please do not confuse this with the Transocean, Ltd world headquarters building.
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Posted in Conflict, protest, war, Economics, trade and business, financial crisis, Harm, pain and hurt, Oligarchs, solutions, U.S., tagged benefits, Chief executive officer, compensation, Compensation & Benefits, earnings, Economic Policy Institute, employment, fraud, Goldman Sachs, Governor Walker, National Institute on Retirement Security, pay, plundering the State, Private sector, Public Employees, public sector, salary, scam, Scapegoating, State workers, wall street, Wisconsin on February 18, 2011 |
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The Republican vs. Democrat charade — good cop, bad cop nonsense — is a mere smokescreen. Don’t be confused by obsolete preconceptions and propaganda. There is one war being fought, The Global Economic Elite Vs. The People. (Source)
CEO, Goldman Sachs
Endless affirmative action for the rich
It should be clear to anyone with a little more intelligence than a turnip that the bailouts were nothing more than calculated theft from ‘the people’ in order to cover the inconvenient results of Wall Street’s greed and mistakes and to allow for wholesale robbery in name of protecting the system. (Source) Consider Goldman Sachs, for example (Source2):
After the public’s money has been given away to bail out the rich, of course there’s nothing left to pay for much else . . . Meanwhile,
There’s been a wave of propaganda over the last couple of months, which is pretty impressive to watch, trying to deflect attention away from those who actually created the economic crisis, like Goldman Sachs, Citigroup, JP Morgan Chase, their associates in the government who—Federal Reserve and others—let all this go on and helped it. (Source)
For example, Mish Shedlock of the blog Global Economic Trend Analysis, routinely scapegoats public sector workers by arguing that state and local finances are completely broken because government workers are overpaid. But apparently public workers are not the problem in states like California–Mish himself writes in his blog that:
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