Showing posts with label CEO's. Show all posts
Showing posts with label CEO's. Show all posts
11/20/13
CEOs With Massive Retirement Fortunes Push Social Security Cuts | The Nation
CEOs With Massive Retirement Fortunes Push Social Security Cuts | The Nation
"These CEOs aren’t just trying to short the average American retiree; they’re throwing their own under the bus. While raising alarm about the federal debt, Business Roundtable CEOs have run up massive deficits in their employees’ pension funds."
"These CEOs aren’t just trying to short the average American retiree; they’re throwing their own under the bus. While raising alarm about the federal debt, Business Roundtable CEOs have run up massive deficits in their employees’ pension funds."
11/19/13
CEOs with Platinum Plated Pensions Want to Raise Social Security Eligibility to 70
CEOs with Platinum Plated Pensions Want to Raise Social Security Eligibility to 70
"According to a new report, CEOs at the forefront of the drive to “fix the debt” by slashing Social Security and Medicare, possess personal retirement funds worth an average of $14.5 million, and three have retirement nest eggs worth more than $100 million. The average Social Security check is $1,308 per month."
"According to a new report, CEOs at the forefront of the drive to “fix the debt” by slashing Social Security and Medicare, possess personal retirement funds worth an average of $14.5 million, and three have retirement nest eggs worth more than $100 million. The average Social Security check is $1,308 per month."
CEOs Against Grandmas | Common Dreams
CEOs Against Grandmas | Common Dreams
"David Cote, the CEO of Honeywell, has more than $134 million in his personal retirement fund. If I were sitting on a nest egg that big, I might feel a bit sheepish about telling ordinary grandmas and grandpas to take a cut in their Social Security payments. But Cote — and leaders of many other large corporations — don’t see it that way. In fact, as Congress prepares for yet another budget showdown at the end of the year, the loudest calls for Social Security cuts are coming from CEOs who will never have to worry about their own retirement security.
Two lobby groups have organized CEOs into an austerity army."
"David Cote, the CEO of Honeywell, has more than $134 million in his personal retirement fund. If I were sitting on a nest egg that big, I might feel a bit sheepish about telling ordinary grandmas and grandpas to take a cut in their Social Security payments. But Cote — and leaders of many other large corporations — don’t see it that way. In fact, as Congress prepares for yet another budget showdown at the end of the year, the loudest calls for Social Security cuts are coming from CEOs who will never have to worry about their own retirement security.
Two lobby groups have organized CEOs into an austerity army."
3/14/13
Inequality and the Social Security Debate | Common Dreams
Inequality and the Social Security Debate | Common Dreams
"Next time you see one of these CEOs on TV lecturing about belt-tightening, keep in mind who’s talking. The stakes in this debate are extremely high for ordinary Americans who work hard every day but still have to worry about their retirement security. For CEOs with mega-million retirement funds, there’s not much to lose."
"Next time you see one of these CEOs on TV lecturing about belt-tightening, keep in mind who’s talking. The stakes in this debate are extremely high for ordinary Americans who work hard every day but still have to worry about their retirement security. For CEOs with mega-million retirement funds, there’s not much to lose."
3/7/13
Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare? | Common Dreams
Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare? | Common Dreams
"Peter Peterson, the Wall Street investment banker, has been most visible in this effort, committing over $1 billion of his fortune for this purpose. Recently he enlisted a group of CEOs in his organization, Fix the Debt, which quite explicitly hopes to divert concerns over income inequality into concerns over generational inequality. It argues that programs like Social Security and Medicare, whose direct beneficiaries are disproportionately elderly, are taking resources from the young."
"Peter Peterson, the Wall Street investment banker, has been most visible in this effort, committing over $1 billion of his fortune for this purpose. Recently he enlisted a group of CEOs in his organization, Fix the Debt, which quite explicitly hopes to divert concerns over income inequality into concerns over generational inequality. It argues that programs like Social Security and Medicare, whose direct beneficiaries are disproportionately elderly, are taking resources from the young."
1/19/13
CEOs Calling For Entitlement Reform
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Ezra Klein Knocks CEOs and Pundits for Wanting to Raise Retirement Age to 70
Ezra Klein Knocks CEOs and Pundits for Wanting to Raise Retirement Age to 70
"Klein discussed the recent news that CEOs and The Business Roundtable are pushing to have the retirement ages raised to 70, but don't want the income cap raised on Social Security, because heaven forbid we do anything to harm those uber-wealthy "job creators." As Klein notes, while they didn't mind pushing for those with much lower incomes to take a big hit on their retirement benefits, the wealthiest among us aren't willing to share in that sacrifice themselves. They're drawing the line when it comes to raising their own Social Security taxes as Reuters reported"
"Klein discussed the recent news that CEOs and The Business Roundtable are pushing to have the retirement ages raised to 70, but don't want the income cap raised on Social Security, because heaven forbid we do anything to harm those uber-wealthy "job creators." As Klein notes, while they didn't mind pushing for those with much lower incomes to take a big hit on their retirement benefits, the wealthiest among us aren't willing to share in that sacrifice themselves. They're drawing the line when it comes to raising their own Social Security taxes as Reuters reported"
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