11 September 2006

Soldiers die, CEOs prosper

"The top profiteers after 9/11 were the CEOs of United Technologies ($200 million), General Dynamics ($65 million), Lockheed Martin ($50 million), and Halliburton ($49 million). Other firms where CEO pay the last four years added up to $25 million to $45 million were Textron, Engineered Support Systems, Computer Sciences, Alliant Techsystems, Armor Holding, Boeing, Health Net, ITT Industries, Northrop Grumman, Oshkosh Truck, URS, and Raytheon.

While Army privates died overseas earning $25,000 a year, David Brooks, the disgraced former CEO of body-armor maker DHB, made $192 million in stock sales in 2004. He staged a reported $10 million bat mitzvah for his daughter. The 2005 pay package for Halliburton CEO David Lesar, head of the firm that most symbolizes the occupation's waste, overcharges, and ghost charges on no-bid contracts, was $26 million, according to the report's analysis of federal Securities and Exchange Commission filings." click title for article

No comments: