July 17, 2005
A slight disparity
Ben Stein writes in the Business section of the NY Times. Today he writes about multi-zillion dollar contracts that are the norm on Wall Street. Some fund managers getting $500 million per year and CEO's who are fired for poor performance getting $20-50 million in severance pay.
Stein compares these outlandish compensation packages with military pay. A Navy Seal was killed in Afghanistan last week. His pay? $1,950 per month. "That means the guy at the hedge fund is getting as much as, say, 10,000 of these corporals per annum."
Whatever your view of this war, one more reason for outrage is Ben Stein's observation. The sons and daughters of the Wall Street folks who are profiting from this invasion/occupation will never see action in the military. And when the Navy Seals return home, they may well face unemployment, bankruptcy, low wages and rehab. Something as gone terribly wrong.
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