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Thursday, September 30, 2010

More about Mr. Helmsley's Neighborhood. Looters in plain sight, knowing they control the proxy machinery and that institutional investors don't reform wrongful looting but just dispose of portfolio shares.

In terms of looting in plain sight, the public sector scandal poster children of Bell, CA, are pikers.

Strib has published its top compensation CEO list, and you look at what they are taking for their greedy selves as their share of the nation's resources, and you wonder why the government is not putting out wanted posters.



This is the top-part screenshot, with a sidebar focus including Mr. Helmsley, from this link, where you can see the entire list - and you should look. Those at the list's bottom look relatively "fair" in comparison to Mr. Helmsley; but you and I would exchange places even with the lowest of the bottom five on Strib's list. The work cannot really be hard, bossing people, and the CEO suite furniture has to be comfortable wherever the boss sits. A fairer taxation approach, particularly in terms of immediate taxation of stock bonus amounts as ordinary income would make that abusive loophole disappear in an instant.

Yet, I suppose from Mr. Helmsley's perspective, guessing what it's like in his shoes, he likely would tell you of the difference between what he draws as compensation and what, in his mind, he knows he is really worth - his compensation being only this part of his real value: