Outrageous! Half of these companies should have gone under, would have gone under if not for taxpayer bailouts.
It’s that time of year again. Most of the nation’s big banks have disclosed how much chief executives earned in 2012. While some had their compensation cut, others received hefty raises.
Lloyd Blankfein: $21 million
The CEO of Goldman Sachs (GS), took home a pay package totaling $21 million.
On top of his base salary of $2 million, Goldman Sachs’ board granted Blankfein a nearly $19 million bonus: $13.3 million in stock and $5.6 million in cash.
In 2011, Blankfein received total compensation worth $12 million.
He wasn’t the only one who got a raise last year. The other top four executives at Goldman were paid base salary and bonuses worth a combined $71 million.
View original post 447 more words
This needs to stop. Israel’s policy has isolated the U.S. globally.
By Ibrahim Sharqieh, Special to CNN
Editor’s note: Ibrahim Sharqieh is deputy director of the Brookings Institution’s Doha Center. The views expressed are the writer’s own.
We are now set for a third term for Israeli Premier Benjamin Netanyahu. And, although Netanyahu’s Likud-Yisrael Beiteinu coalition seems to have underperformed expectations, a plurality of the vote will allow him to once again lead Israel’s government.
But even a somewhat moderated Netanyahu government will continue to advance radical positions that put regional and global security in danger. The question, then, is how the United States can best push another right-wing administration to behave in accordance with the principles of the international security system – and its own national interests.
Over the past two Netanyahu terms, the international community, and the United States in particular, adopted an approach based on accommodation when dealing with the Netanyahu government. The hope was that…
View original post 765 more words
The corruption has to stop.
Washington (CNN) — Sen. Robert Menendez’s office issued a statement Wednesday saying he had traveled several times on a plane belonging to a Florida eye doctor who had given political donations to Menendez but that all the trips were “paid for and reported appropriately.” The office also denied allegations the New Jersey Democrat had engaged the services of prostitutes.
The statement was issued after FBI agents searched the West Palm Beach office of the ophthalmologist, Dr. Salomon Melgen. Investigators were seen carrying out boxes during the search, which began Tuesday night and continued into Wednesday. An FBI spokesman in Florida confirmed there was “law enforcement activity” at the location where the search occurred but did not mention Melgen or anyone else and did not explain what agents were investigating.
View original post 586 more words
Tip of the Day: A Utility Curve shows an individual’s personal preference for two scenarios relative to one another. It represents an amount of one option that the person is willing to trade for a given amount of the other option. It’s often used to compare an individual’s preferences between two goods. Each possible point along the Utility Curve provides the individual with the same quantity of “utils” as any other point on the curve.