At least $21 trillion in unrecorded wealth held offshore by uber-rich

scrimmage

scrimmage

What you contemplate you imitate
Re: At least $21 trillion in unrecorded wealth held offshore by uber-rich

Another newly minted member of the uber-rich whose $$$$ will find its way offshore?....

$129 million pay package for new Yahoo CEO
By Barry Grey
24 July 2012

Last week the corporate and media world was abuzz with the news that Marissa Mayer, an engineer and vice president at Google, had agreed to become CEO of rival Yahoo for the tidy sum of as much as $129 million over five years.

This is considerably more than the $102 million the city of Detroit said it would save when, the same week, its Democratic mayor, David Bing, unilaterally imposed an across-the-board 10 percent cut in city workers? pay, along with drastic cuts in health care and hundreds of layoffs.
The obscene and absurd compensation package for Mayer?at a time when manufacturing workers are being told their new wage benchmark is $13 an hour or less?is but one more expression of the decay of capitalism and the decadence of the new aristocracy that presides over it. Nowhere are the avarice of the ruling class and its plundering of society more naked than in America.

What miracles has Ms. Mayer performed to merit such a reward? A graduate of Stanford University, the 37-year-old Silicon Valley executive?s signature achievement, it seems, is to have been among the first 20 employees of Google. When the firm went public in 2004, its initial public offering turned her overnight into the owner of $300 million worth of stock.

She used a chunk of her fortune to purchase a penthouse on the top floor of the Four Seasons Hotel in San Francisco, which remains one of her two primary residences, along with a mansion in Palo Alto. Mayer is, according to press reports, known for her lavish parties, political fundraisers for Barack Obama, and designer shoes and gowns.

No slouch when it comes to conspicuous consumption, she sports a bathroom ceiling covered by a Dale Chihuly glass installation. She is famous in certain circles for having once paid $60,000 at a charity auction to have lunch with Oscar de la Renta.

From and continued at:
http://www.wsws.org/articles/2012/jul2012/pers-j24.shtml
Click to expand...
 
T

tank

EOG Dedicated
Re: At least $21 trillion in unrecorded wealth held offshore by uber-rich

And here I thought they would be creating jobs with all that money.
Bernie Sanders Exposes the 26 Billionaires who are Buying the 2012 Election
http://www.politicususa.com/bernie-sanders-exposes-26-billionaires-buying-2012-election.html

And those good old Koch brothers are sure swell guys huh?
Bernie Sanders Storms the Senate Floor and Challenges Congress? Koch Whores
http://www.politicususa.com/bernie-sanders-storms-senate-floor-challenges-congress-koch-whores.html
 
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