Yahoo dangled US$27m pay for CEO

Yahoo dangled a US$27 million pay package to lure new Yahoo chief executive Scott Thompson away from PayPal.Yahoo offered Thompson a deal that includes a US$1 million salary and a bonus of up to US$2 million this year. Yahoo is guaranteeing to pay him US$1 million of the bonus; the remaining US$1 million will hinge on Yahoo’s financial results.

Thompson will also receive stock incentives valued at US$22.5 million. The stock awards could be worth more or less, depending how Yahoo’s long-slumping shares fare under Thompson’s leadership.

To top it off, Yahoo is paying Thompson US$1.5 million to offset money he forfeited by leaving PayPal. A US$6.5 million chunk of the stock awards are also meant to offset some of the compensation Thompson would have gotten at PayPal, according to the filing.

Thompson received a US$10.4 million compensation package at PayPal in 2010. It included a US$645,000 salary. EBay has not yet revealed how much it paid Thompson last year.

Unless more money and stock is added later in the year, Yahoo will not be paying Thompson as much as former Yahoo chief executive Carol Bartz, who was hired three years ago and fired four months ago. Yahoo chief financial officer Tim Morse has been running Yahoo since Bartz’s ouster.

Bartz’s compensation package during her first year on the job was valued at US$47.2 million. Much of that, though, included stock incentives that are not as valuable as the original calculations envisioned.

http://www.taipeitimes.com/News/biz/archives/2012/01/08/2003522682

Bailey: I read stuff like this all the time and think, wow I could live the rest of my life in luxury on just $200,000. It blows my mind just to think about how out of touch with the rest of us these people are.  They receive a yearly bonus of 1.5 million & they actually think its a average wage, when it takes most of us a life time to make that much!

The Company Men (Movie)

If you recently lost your job, you need to watch this movie.


The story centers on a year in the life of three men trying to survive a round of corporate downsizing at a major company - and how that affects them, their families, and their communities.
http://www.imdb.com/title/tt1172991/

Rush on Pres. Obama vs. The Constitution

Obama is not confronting the Republicans. He's confronting the Constitution. The Republicans are not Obama's obstacle. The Constitution is Obama's obstacle.


http://nation.foxnews.com/rush-limbaugh/2012/01/05/rush-pres-obama-vs-constitution

Cygnus_X-1

The American Dream has been stolen by the greedy elite, who can never have enough, and also the illegals, who are willing to work harder for less. The American Dream rose up out of the idea that average citizens will not be beholden to government, businesses, or elitists. Slavery was gone for a good century, but it's come back strong because of the illegals and overseas outsourcing. It's shameful what corporation do these days to make a buck.


http://usnews.msnbc.msn.com/_news/2012/01/05/9974429-american-dream-or-canadian-dream

NUGENT: Pay lawmakers what they’re worth: 10 bucks

In the inescapable, common-sense world to which producers of America are hopelessly addicted and in which they proudly reside, compensation is determined by dreams, work ethic, skill, knowledge, ability, expertise, level of effort and, last but not least, results. Put that in your merciless pay pipe and suck on it till you drop, Occupiers. 

Employees who lack these most basic of work characteristics are tossed out on their lame rears in short order, as it should be; that is, unless you are a member of Congress, where dismal performance is richly rewarded.

Congress routinely earns around a 10 percent approval rating by the American public, which is being generous. Zero approval would be more appropriate once you begin to understand how our professional political punks have wrecked America through gross ignorance or with willful, fraudulent intent, just to get re-elected. 

http://www.washingtontimes.com/news/2012/jan/2/pay-lawmakers-what-theyre-worth-10-bucks/

Nobody Understands Debt

In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the budget deficit.
This misplaced focus said a lot about our political culture, in particular about how disconnected Congress is from the suffering of ordinary Americans. But it also revealed something else: when people in D.C. talk about deficits and debt, by and large they have no idea what they’re talking about — and the people who talk the most understand the least. Read more at Link below
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_r=1