Model: Julia Skalozub
Corporate thieves are a hybrid species, born out of the crossing of a pirate with an illusionist. While air strikes pummel Libya, faceless revolutions sweep through oil-rich countries and tsunamis sink Japan, executives at America’s S & P top-500 corporations keep taking advantage of the diversions and granting themselves biblical salary hikes.
Governance Metrics International reported that, while employee salaries went up a measly 2.1% in 2010 (an amount all but wiped out by inflation), executives at the abovementioned companies saw theirs increase by an average of 27%. Jamie Dimon, from JP Morgan Chase, was tickled pink to see his salary skyrocket from $1.3 million to $20.8 million. Michael Szymanczyk, from the Altria conglomerate, doubled his 2009 compensation with a loot of $20.7 millions. Kevin Sharer, from the pharmaceutical mammoth Amgen, was showered with a 38% raise and collected $20 million. But the Oscar for Best Corporate Robbery goes to Tim Armstrong, whose salary shot up 40% to $15.3 million, while his company, AOL, kept drowning in red ink.
Obama, we love you, but corporate raiders are raping us with a stick and the warlords of America are now more prosperous than before you won your Nobel Peace Prize. We hope that your memoirs will at least reveal who really controls the U.S. government, if not a President, elected by the people for the people.
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