Working Life

“Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind.” The discerning quick minds among you will know […]

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The rich are living the creed of the 1987 film “Wall Street”: Greed is good! Consider this: 26 billionaires now have a collective wealth of $1.4 trillion—equal to the wealth of the bottom 3.8 billion people on the planet. That’s just a smidgen of the immorality I discuss with Oxfam America’s Paul O’Brien, whose organization […]

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Let me give credit, up front, to a splendid idea from the actors Greg Wise and Emma Thompson that clarified my own outrage at a simple reality: the bankers destroyed the economy with their greed and incompetence, the Obama Administration lets each bank CEO off the hook with a negotiated deal for a fine that the institution, not the banker pays, and with no jail time for a single high-ranking Wall Streeter and WE PAY FOR THIS.

That’s right: each one of us, with our taxes, pays for this sleazy deal with the financial elite.

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Well, it’s the usual report from the pig fest AKA the annual analysis of CEO pay. Each year brings a ceiling-shattering example of greed. This year, it’s Charif Souki. Oh, and there is another gem to share as well.

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Not a new idea but worth spotlighting on MLK Day that class warfare is forging ahead. Oxfam, in anticipation of the gathering of the Masters of the Universe at Davos, tells us this nugget: the richest 85 people have the same wealth as 3.5 billion people, half the population of the world.

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The Koz is getting paroled. The Koz being Dennis Kozlowski who was one of the few CEOs to serve some time — not enough in my opinion. But compared to the financial crisis people, he got a good licking. Here’s a reminder from the past.

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So, when I read this shit, I admit to laughing: there is a certain about of humor I find, mixed with the disgust, in the absolute ability of the captains of industry to continue to act like pigs at the trough in the face of all the misery of unemployment, low wages, no pensions and fear still coursing throughout every community. The system of greed, fired up by the great, almighty, “free market”, just soldiers on in another fourth dimension. They just do not care

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For your digestion, or indigestion, another chapter in the astonishing chutzpah and greed. When the rich don’t have enough room or covet something else, they just buy another property for a nice cool $60 million — and, then, they whine about taxes being too high.

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Ok, a little test to see who has been paying attention. What do you see in this story that seems really familiar?

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Hey, no big deal — you run a company rife with conflicts of interest, you help crater the economy, costing millions of jobs and trillions of dollars in wealth…and you keep racking up more and more money. Life is good for Lloyd Blankfein.

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