How to End Wars for Oil: Stop Burning Oil Altogether
Progressives all over the world are demanding that there be “no war for oil.” We must also call for the dismantlement of the world’s fossil fuel-dominant global energy infrastructure.
The New York Times has a nice chart showing how CEOs from public companies are making out like bandits with massive pay raises even while their bottom lines plummet.
Some tidbits: ArcherDanielsMidland CEO Patricia A. Woertz saw her compensation jump 397% to $15 million from 2007 to 2008 while profits fell 17%.
Data giant EMC's CEO Joseph M. Tucci a 148% raise in 2008 to $11.7 million while the company lost money.
On a similar note, Paul Krugman laments that compensation for investment bankers is zooming back up to levels from pre-meltdown days. As he notes:
--d.f.