[PEN-L:33760] Re: Re: Re: Re: Re: Bush Administration On The Poor: Pay More Taxes!

[Nomiprins@xxxxxxx]

In a message dated 1/11/2003 6:49:26 PM Eastern Standard Time, dhenwood@xxxxxxxxx writes:

> Tommy Mottola is leaving Sony with a $20 million severance package,
> plus they're financing a new record label for him. Compare
> that with
> a 13-week extension in UI benefits!

It's truly disgusting. It sure pays execs to fail at the expense of their workers:

WorldCom's former CEO Bernie Ebbers severance: $1.5 mln a year for life, and he still owes WorldCom $408mln, 17,000 workers fired, many still fighting for fair severance

Kmart's Chuck Conaway: $9mln severance, led Kmart to bankruptcy, lost investors $4.6bln, laid off 22,000 workers,

Compaq/ HP's Michael Capellas - $7.5mln in loans excused by Compaq while the stock dropped 44% and he cut 7,000 jobs, $14.4mln for leaving HP and $18mln for joining WorldCom

Qwest's Joe Nacchio - $15mln severance package for presiding over Qwest's multi billion dollar fraud and 92% stock decline.

Dynegy's Chuck Watson - $33mln severance package 'cause he got tired of hanging around while the company was under SEC investigation.

Then there's good old Global Crossing's Gary Winnick - no severance, but $735mln richer, 9,000 laid off workers - got no severance either.

Nomi