Apple CEO Tim Cook received $378 million for 2011. The company even chips in $14,700 for his 401K and $1,820 for his life insurance.
Leo Apotheker, former CEO of HP, received $25 million in 2011 for 11 months of work as caretaker of a flailing company while it searched for its next CEO.
A Manhattan penthouse in the tallest residential building in the city has just increased its asking price to $110 million due to expected demand.
President Obama wants to raise taxes on "millionaires and billionaires" to pay for more social services. His definition of a millionaire starts with an annual salary of $200,000 for singles and $250,000 for couples.
California wants to cut Medi-Cal reimbursements to doctors by another ten percent. At that rate an office visit by a Medi-Cal patient will only pay a doctor $11. The minimum wage in San Francisco is $10.24 an hour. The price that some billionaire will pay for a single New York City penthouse would allow for 10 million people to have a checkup with a doctor.
More doctors are now selling their private practices to hospitals to become employees or declaring bankruptcy.
So who are the real one percenters in this country?
Sometimes they do what they need to do to survive in this strained economy.ReplyDelete