As Elizabeth Warren, echoed by Bernie Sanders, have said so often, the system is rigged.
When markets collapse, small investors with 401k’s or IRA’s lose everything (unless they have moved their funds to money market or interest-bearing accounts … just sayin’) while hedge fund managers who have bet against the market with credit default swaps and derivatives profit big time.
When markets collapse, all the losses are merely numbers on paper. No homes are destroyed by market collapses (only wildfires, hurricanes, tornadoes or floods exacerbated by the climate change that Big Carbon profiteers deny). No cars are destroyed. No computers or home appliances are lost.
NO REAL WEALTH IS LOST.
Yet hedge fund managers with their credit default swaps and derivatives profit big time, and small investors lose everything.
It is all about REDISTRIBUTION OF WEALTH from the working people who produce real wealth to the few richest elites who inherit massive estates (and networking connections) from Daddy and make their living shuffling papers and opening quarterly investment reports.
Replace the contents of the bag with camping gear and a bed blanket. If they feel they have an actual escape, they are more likely to not pull dodgy $#!(.
Unfortunately for me, I already read my 1 free article per day. I’ll try tomorrow. But, I digress. I read an article several years ago about how more and more of the 1% are quietly hiring (or looking into hiring) large security teams and hardening their estates because they are beginning to fear (with good reason) armed rebellion. How can they be so sure that their private armies won’t turn on them?
Amazing! Second comic this morning where some wag has to disturb the fun of comics to vent their personal politics. And the analysis is pedestrian at best! Lighten up people, that;s why most of us are here.
Even if he destroys the company, he’ll still leave with a golden handshake as well as the parachute.
" After years of a declining stock price — and a now-legendary 2006 shareholders meeting where an imperious Nardelli refused to answer questions — Home Depot announced the CEO’s resignation on January 3. He walked away with a package worth $210 million."
somebodyshort almost 6 years ago
Sometimes I wish those provided with “golden parachutes” had these instead. KABLOOIE at the bottom
DD Wiz almost 6 years ago
As Elizabeth Warren, echoed by Bernie Sanders, have said so often, the system is rigged.
When markets collapse, small investors with 401k’s or IRA’s lose everything (unless they have moved their funds to money market or interest-bearing accounts … just sayin’) while hedge fund managers who have bet against the market with credit default swaps and derivatives profit big time.
When markets collapse, all the losses are merely numbers on paper. No homes are destroyed by market collapses (only wildfires, hurricanes, tornadoes or floods exacerbated by the climate change that Big Carbon profiteers deny). No cars are destroyed. No computers or home appliances are lost.
NO REAL WEALTH IS LOST.
Yet hedge fund managers with their credit default swaps and derivatives profit big time, and small investors lose everything.
It is all about REDISTRIBUTION OF WEALTH from the working people who produce real wealth to the few richest elites who inherit massive estates (and networking connections) from Daddy and make their living shuffling papers and opening quarterly investment reports.
Superfrog almost 6 years ago
How about a “Golden Ejector Seat”?
Dtroutma almost 6 years ago
May he jump and find it a gold brick when he pulls the cord.
Bilan almost 6 years ago
That golden parachute is actually saving them about 6 million.
Scorpio Premium Member almost 6 years ago
Replace the contents of the bag with camping gear and a bed blanket. If they feel they have an actual escape, they are more likely to not pull dodgy $#!(.
mattro65 almost 6 years ago
Unfortunately for me, I already read my 1 free article per day. I’ll try tomorrow. But, I digress. I read an article several years ago about how more and more of the 1% are quietly hiring (or looking into hiring) large security teams and hardening their estates because they are beginning to fear (with good reason) armed rebellion. How can they be so sure that their private armies won’t turn on them?
khmo almost 6 years ago
Amazing! Second comic this morning where some wag has to disturb the fun of comics to vent their personal politics. And the analysis is pedestrian at best! Lighten up people, that;s why most of us are here.
silverclaw33 almost 6 years ago
Donald?
Ignatz Premium Member almost 6 years ago
The market crashes, and everybody suffers except the people who caused it. And they don’t understand why that makes you furious.
Richard S Russell Premium Member almost 6 years ago
I favor the same approach with murder-suicides. Tell them that it’s properly done in the reverse order.
Happy, happy, happy!!! Premium Member almost 6 years ago
Hope it’s full of rocks.
Plods with ...™ almost 6 years ago
Oh look! He’s about to hit the “any” key.
Alabama Al almost 6 years ago
If he followed the instructions EXACTLY (with no intervening step between “break glass” and “jump”) then society would probably benefit.
Radish... almost 6 years ago
I got a rock.
sandpiper almost 6 years ago
The current application happens too often to be anything but disgusting. That includes those hogging it up at the public trough.
wndflower1 almost 6 years ago
huh—burning all those cars and yet traffic in paris is horrible!!
DCBakerEsq almost 6 years ago
How revolting.
streetbeater almost 6 years ago
“The Golden Parachute” or "How to make an unconscionable pile of dough even if you get fired for running your company into the ground.
(and in rebuttal) “But, but FREE MARKET CAPITALISM!”
sbwertz almost 6 years ago
There are as many, if not more, Democrats who are 1 percenters.
sbwertz almost 6 years ago
Actually, I just looked it up…60 percent of 1 percenters are Democrats.
russef almost 6 years ago
LET HIM JUMP!!
Joliet Jake almost 6 years ago
Modern day capitalism is a lot like D.B. Cooper. Gets yours by any means and then bail out.
kaffekup almost 6 years ago
Even if he destroys the company, he’ll still leave with a golden handshake as well as the parachute.
" After years of a declining stock price — and a now-legendary 2006 shareholders meeting where an imperious Nardelli refused to answer questions — Home Depot announced the CEO’s resignation on January 3. He walked away with a package worth $210 million."