Tuesday, January 10, 2012

The Real One Percenters

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?

1 comment:

  1. Sometimes they do what they need to do to survive in this strained economy.