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disneydream06I am so working in the wrong business..........
For example, every fourteen minutes in 2009, hedge fund manager David Tepper made President Obama’s annual salary. No matter how well compensated our Hollywood and sports stars are, the real money comes from the business of money. The AFL-CIO’s PayWatch noted that recently major bankers, apparently embarrassed by their dependence on record taxpayer subsidies, have tightened their belts. Thomas Montag, president of global banking at Bank of America, received only $29 million, or $14,500 an hour. But the hedge funds have demonstrated no such restraint. The magazine Institutional Investor declared David Tepper the best paid hedge fund manager in 2009 at $4 billion. To put this in perspective, that is $2 million an hour. That is one million dollars every half hour. A Pittsburgh native, he donated $55 million to Carnegie Mellon University, which gratefully changed the name of a graduate program to the David Tepper School of Business. That was half a week’s paycheck.
For example, every fourteen minutes in 2009, hedge fund manager David Tepper made President Obama’s annual salary. No matter how well compensated our Hollywood and sports stars are, the real money comes from the business of money. The AFL-CIO’s PayWatch noted that recently major bankers, apparently embarrassed by their dependence on record taxpayer subsidies, have tightened their belts. Thomas Montag, president of global banking at Bank of America, received only $29 million, or $14,500 an hour. But the hedge funds have demonstrated no such restraint. The magazine Institutional Investor declared David Tepper the best paid hedge fund manager in 2009 at $4 billion. To put this in perspective, that is $2 million an hour. That is one million dollars every half hour. A Pittsburgh native, he donated $55 million to Carnegie Mellon University, which gratefully changed the name of a graduate program to the David Tepper School of Business. That was half a week’s paycheck.
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Date: 2011-03-31 07:55 am (UTC)I believe people have a right to earn as much as they are able to, but this is ridiculous!!
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Date: 2011-03-31 07:57 am (UTC)As the old movie says, Greed is Good.
Well, for everybody but the rest of the country. :o
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Date: 2011-03-31 11:59 am (UTC)no subject
Date: 2011-03-31 01:14 pm (UTC)no subject
Date: 2011-03-31 04:36 pm (UTC)no subject
Date: 2011-04-01 12:55 am (UTC)