Cross Postings LO27656

From: ACampnona@aol.com
Date: 12/21/01


Dear Learners,

Remember that song....Don't cry for me Argentina?

Jeff Gates replies in another place to Alan Cotterrel thusly....

Australians are way behind the plutocratic times.... Consider the
situation here in the U.S., the model of replicable neoliberalism that
should be emulated, adored and, of course, thoroughly globalized: Funds
held by US money managers grew from $1.9 trillion in 1980 to $17 trillion
in 2000. While those funds were under the control of fiduciaries (48% are
there due to fiscal incentives) the pay gap between top executives and
their average employees in the 365 largest US companies grew from 42:1in
1980 to 531:1 in 2000. From 1998 to 2000, Disney CEO Michael Eisner
pocketed a pay package totaling $699.1 million, 30,449 times the average
Disney worker's pay. Disney's return to shareholders plummeted 10% over
that period. Fortune features him on the current issue as one of the
smartest people in America. The Disney board reportedly had to force him
to remove his personal attorney from the board's compensation committee.
Oracle Corporation CEO Larry Ellison exercised stock options in early
September 2001 with a gain of $706 million in a company in which he owned
$58 billion. Enron's chief executive was paid $72.5 million in 2000, just
before filing (in 2001) the largest bankruptcy in US history. Keep a
lookout for an article of mine in January issue of Tikkun titled simply,
"Modern Fashion or Global Fascism?" The time for easy-going rhetoric is
over.

All best,
Jeff Gates
www.sharedcapitalism.org

Well written Jeff Gates.

Andrew Campbell

-- 

ACampnona@aol.com

Learning-org -- Hosted by Rick Karash <Richard@Karash.com> Public Dialog on Learning Organizations -- <http://www.learning-org.com>


"Learning-org" and the format of our message identifiers (LO1234, etc.) are trademarks of Richard Karash.