Posts Tagged ‘pay’
Posted by Warm Southern Breeze on Saturday, September 3, 2016
Executive Excess 2016: The Wall Street CEO Bonus Loophole
This 23rd annual report reveals how taxpayers are subsidizing financial crisis windfalls.
By Sarah Anderson and Sam Pizzigati, August 31, 2016
This report is the first to calculate how much taxpayers have been subsidizing executive bonuses at the nation’s largest banks.
The study focuses on a 1993 Clinton administration reform that was intended to rein in runaway CEO pay by capping the tax deductibility of executive compensation at $1 million. But the new rule included a huge loophole for stock options and other “performance” pay. As a result, the more corporations hand out in executive bonuses, the lower their tax bill. This perverse incentive for excessive compensation has been a major factor in the explosion of CEO pay.
The financial bailout program closed this loophole for recipients, but only until Read the rest of this entry »
Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: #BonusLoophole, 2016, abuse, bailout, banks, Big Banks, Bill Clinton, bonus, bonus loophole, CEO, CEO Bonus, CEO Compensation, Clinton, Congress, executive excess, fraud, free ride, government, law, legislation, loophole, money, pay, policy, report, research, study, subsidize, subsidy, tax deduction, tax dollars, tax free, taxes, taxpayer bailout, Wall Street, waste, Wells Fargo | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, April 30, 2015
UPDATE: Sunday, 14 June 2015 – Found following main body
Today (Thursday, 30 April 2015) the Alabama State Senate knocked off at 11:30, and reconvened 1PM. It’s also the final day of the Legislative Session for the week – they only work three days each week – Tuesday, Wednesday, and Thursday.
An hour and a half – that’s a nice, long lunch break for a wealthy man, a powerful man – not a working man. It’s pretty cushy for someone who works three days a week, only 30 days a year. Reckon how your boss would respond if you asked for a three-day work week and a 30-day work year?
How long do you get for lunch?
Most folks get 30 minutes.
The Alabama Senate gets THREE times longer than most working folks.
But then, excesses in Alabama state politics is nothing new.
Recall that – by law – the Alabama Legislature is limited to work <30 days/year (in a 105 day period) & for that privilege, citizens & taxpayers fork over $50K+/yr in pay & compensation to them – 35 in the Senate, and 105 in the House.
TOTAL=140 men (mostly) & women.
In stark contrast, New Mexico’s State Legislators are a Volunteer Legislature (they’re elected, yes, but unpaid), and during Session, by State Law receive a Daily Federal Per Diem, and Two-Way Mileage once during a session EXCLUSIVELY.
Legislative pay in Alabama has been a hot-button issue, particularly in recent years – and, it’s unnecessarily complicated. By State Constitutional Law, their “official” pay is Read the rest of this entry »
Posted in - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: abuse, abusive, AL, Alabama, budget, compensation, cost, Democrats, excess, excessive, expenses, fraud, GOP, greed, lavish, law, lazy, legislators, legislature, Mike Hubbard, money, news, odd, pay, peculiar, poverty, Republicans, Revenue, rich, slobs, slovenly, state, strange, taxes, taxpayer, unusual, waste, weird, work | 1 Comment »
Posted by Warm Southern Breeze on Tuesday, February 3, 2015
What’s wrong with Alabama?
How much time do you have?
That’d be an entirely accurate response, of course.
How much bad does it take before the sweet turns sour?
To be certain, criticizing the machinations and politics of Alabama is somewhat like criticizing one’s family – only family members can do it with complete immunity. Outsiders stand the risk of getting punched out.
Here’s one well-known complaint: The Legislature.
Sure, even Washington politicians get lambasted, as, I suppose, does every other politician in our union, at every level – federal, state, county, and local.
But here’s the rub: In Alabama, the legislature takes great pride in calling themselves “part-time” legislators, and boast of having full-time jobs “back home” in the community of their residence. Sure, that sounds nice, but what does it really look like?
By law, in Alabama, the Legislature can meet for NO MORE than 30 days Read the rest of this entry »
Posted in - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: AL, Alabama, ALpolitics, Bentley, education, employees, GOP, government, Governor Bentley, income, lazy, legislature, money, pay, Republican, salary, shiftless, state, superintendent, Superintendent of Education, taxes, teachers, Tommy Bice, worthless | Leave a Comment »
Posted by Warm Southern Breeze on Monday, October 13, 2014
Alabama Republican Governor Robert Bentley, MD, OK’d $580,000 Trooper Gate pay, then lied about it
Bentley Punished DPS Bosses for Questioning Lewis’ Gigantic Overtime Pay
By Donald V. Watkins
©Copyrighted and Published (via Facebook) on October 12, 2014
Used with permission
Retired state trooper Capt. Mark Whitaker ran the Protective Services Division and Capitol Police in the Alabama Department of Public Safety (“DPS”) until this year. This is the DPS division responsible for guarding and driving Governor Robert Bentley. Wendell Ray Lewis was a sergeant under his command.
While running his division, Whitaker learned that Lewis’ overtime pay was pre-approved by Bentley and never to be questioned. This was even true with regard to Lewis’ claimed entitlement to 24 hours of overtime for a single day. Prior to Lewis, Whitaker had never seen a trooper make a claim for or receive 24 hours of overtime pay for a single day.
On January 14, 2014, Whitaker was called into then-DPS Director Hugh McCall’s office where McCall told Whitaker that his entire division would be transferred to the newly created Alabama Law Enforcement Agency (“ALEA”). As a result of the transfer, Whitaker, a highly respected captain, would fall under the command and supervision of Lewis, who at that time was a sergeant. Unbelievably, Captain Whitaker would be reporting to Sgt. Lewis.
This order came directly from Governor Bentley.
This humiliating role reversal was the ultimate insult for Whitaker, a career officer who had climbed the ranks within DPS and earned his command position. According to published reports, Whitaker believes this demeaning and insulting personnel action – a captain reporting to a sergeant – occurred merely because he sought to question Lewis’ overtime pay in the months prior.
“This is what I get for doing my job,” Whitaker complained to McCall at the time. He retired soon after.
Whitaker is the second high-ranking trooper to retire over the Bentley-Lewis overtime pay scandal. In 2011, Major Marc McHenry, now retired, served as the DPS chief over Protective Services and the Capitol Police. Lewis also worked under McHenry.
When McHenry realized in 2011 that Lewis had accumulated a gigantic amount of overtime pay, he tried to put an end to Lewis’ financial windfall. At the time, troopers were not being paid for overtime. They were given time off instead.
McHenry sent the issue to Lewis’ supervisor, and two days later he was Read the rest of this entry »
Posted in - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: abuse, Bentley, crony, fraud, geotag, geotagged, Good Old Boy, GOP, governor, Governor Bentley, liar, overtime, overtime pay, pay, politics, promotion, Republican, Robert Bentley, State Trooper, TrooperGate, waste, Wendell Ray Lewis | Leave a Comment »
Posted by Warm Southern Breeze on Monday, May 27, 2013
Be sure to ask Sen. Sessions if he is going to voluntarily give up a portion of his Senatorial salary since the Senate last month passed a measure urging their members to forgo 20% of their salaries as part of sequestration.
Kudos, however, to Sen. Bob Corker R-TN, who has NEVER pocketed any of his Senate salary.
He donates it ALL to charity.
He’s worth over $19 Million.
Few senators sacrifice pay amid cuts
By Russell Berman – 04/03/13 05:00 AM ET
Only a few senators are planning to forfeit a portion of their salaries to charity or the U.S. Treasury while sequestration is in effect, according to a survey conducted by The Hill.
The Senate last month passed a measure urging members of the upper chamber to forgo 20 percent of their salary during sequestration. Most senators, however, are keeping quiet on whether they will follow through.
During a marathon session of budget votes, the Senate approved by voice vote an amendment from Sen. Lindsey Graham (R-S.C.) calling on lawmakers to donate 20 percent of their pay to charity or return it to the U.S. Treasury.In his floor speech, Graham noted that about 500,000 to 600,000 federal employees will be furloughed because of sequestration and that senators should “feel what other people are feeling.”
Yet in a survey of Senate offices by The Hill, only Graham and Sens. Mark Begich (D-Alaska), Claire McCaskill (Mo.), Mike Lee (R-Utah) and Jay Rockefeller (D-W.Va.) have indicated they would give up some of their take-home pay.
In a recent press release, Begich — who is up for reelection in 2014 — said Read the rest of this entry »
Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: avarice, Bob Corker, budget, Chuck Grassley, Claire McCaskill, DC, Democrats, GOP, government, Graham, greed, Jeff Sessions, Lindsey Graham, money, Nancy Pelosi, news, pay, politics, Republicans, salary, senate, senators, sequestration, sequster, taxes, treasury, wages, Washington DC | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, April 21, 2013
I wouldn’t have believed it had I not read it for myself from the official Congressional website.
U.S. Representative Martha Roby, a Republican from Alabama’s 2d Congressional District has introduced H.R. 1406, officially named the “Working Families Flexibility Act of 2013” which would END the requirement of the Fair Labor Standards Act for employers to pay Time-and-a-Half to employees for every hour worked over 40 in one week.
The Congressional Budget Office has reported on the bill, and in part wrote that: Read the rest of this entry »
Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: Alabama, cheat, child labor, compensation, Congressional Budget Office, deception, Egypt, employees, Fair Labor Standards Act, family, GOP, governance, government, Hewlett-Packard, industrialist, labor, law, Let my people go., liars, management, Martha Roby, Moses, offshore, offshoring, overtime, overtime pay, pay, Pharaoh, policy, poll, radical, rate, Republican, Right to Work, Robber Baron, Robber Barons, Roby, Southen Poverty Law Center, steal, taxes, Tea Party movement, theft, theives, Time-and-a-half, unfriendly, United States, United States House of Representatives, unjust, weasel, Wikipedia | 351 Comments »
Posted by Warm Southern Breeze on Friday, April 1, 2011
Those “poor, poor” rich men. We shouldn’t tax those poor, poor souls because they, in their mercy, give jobs to us, the genuinely wealthy slobs who do not need them. No, Congress should cut their taxes, and should not tax multi-national corporations such as General Electric which makes billions in profits and does not pay any income tax. In fact, Congress should eliminate all taxes upon the über-wealthy and should tax the poor! (sarcasm ends here)
CEO pay soars while workers’ pay stalls
By Matt Krantz and Barbara Hansen, USA TODAY
Updated: 04/01/2011 9:20am
CEOs didn’t have to cry poor for long.
The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.
At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, Read the rest of this entry »
Posted in - Did they REALLY say that?, - Read 'em and weep: The Daily News | Tagged: CEO, compensation, Congress, corporation, federal, government, injustice, justice, news, pay, politics, rich, tax, taxes, wealth | 4 Comments »
Posted by Warm Southern Breeze on Wednesday, October 6, 2010
This story resonates with me for several reasons, not the least of which is that I’m a Certified Volunteer Fire Fighter, Registered Nurse, EMT and fellow human being. According to one story, “The mayor said if homeowners don’t pay, they’re out of luck.” See the fire department’s website here: http://www.CityOfSouthFulton.org/fire.htm
OUR VIEW: PAY-TO-SPRAY NO WAY TO RUN A FIRE DEPARTMENT
The Santa Fe New Mexican (New Mexico)
October 6, 2010
A tale from Tennessee is enough to make one appreciate taxes and their role in keeping a community safe. …Continue…
Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News | Tagged: $75, burn, county, department, down, fire, firefighter, Gene Cranick, House, house fire, inexcusable, inhumane, news, Obion, Obion county, pay, protection, sad, South Fulton, Tennessee, TN | 2 Comments »
Posted by Warm Southern Breeze on Thursday, March 25, 2010
[ed. note: I wrote this post accompanying some photos I’d made and posted to my Flickr site back around October 2009.]
He wanted some OTC ranitidine. I told him, “Get omeprazole!” But he didn’t, saying he wanted more rapid relief.
So… guess what!?!
It just so happened, that at the checkout stand in front of us was a Big Pharma sales rep. She said, “Use this!,” and pulled out …Continue… to see if it’s a BIG GUN!…
Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: American, American Healthcare Reform, bicarb, Big Pharma, bill, common sense, costly, crooks, ethics, expensive, fraud, health, healthcare, How can we screw thee? Let me count the ways!, insurance, It's the taxpayer funded fucking of America!, Just kiss me - 'cause I've already been screwed., law, liars, medication, medicine, money, omeprazole, OTC, pay, pharmaceutical, pharmacy, ranitidine, reform, screwed, theft, thieves, unnecessary, Zegerid | 1 Comment »
Posted by Warm Southern Breeze on Saturday, March 13, 2010
Huntsville-based Redstone Federal Credit Union announced Friday that members’ employee payroll checks had disappeared Friday, shortly after posting.
With more than 320,000 members, RFCU is one of Alabama’s largest CUs.
Denying that RFCU was hacked, Senior Assistant Vice President Ken Jost said, …Continue…
Posted in - My Hometown is the sweetest place I know, - Read 'em and weep: The Daily News | Tagged: AL, Alabama, computer, Credit Union, deceit, deposit, hack, hacked, Huntsville, member, members, money, pay, payroll, Redstone Federal Credit Union, RFCU, theft | Leave a Comment »