Ruling class takes care of their own and no one else. For example —


Illustration from BIDNESSETC.COM

Bob Dudley, the chief executive of BP, earned nearly $20 million last year – at a time when the company ran up the biggest losses in its financial history and axed thousands of jobs.

The $19.6 million remuneration bonanza was condemned by the High Pay Centre as another example of a company losing “contact with reality” when it came to handing out fortunes to top executives.

The 20% year-on-year increase in salary, shares and pension payments was revealed in the oil group’s annual report.

Plunging crude prices and continuing liabilities emanating from the Gulf of Mexico oil spill in 2011 led BP to report a record 2015 deficit of $6.5 billion.

The company said Dudley deserved his increase in total remuneration because he and his fellow directors had performed strongly at a difficult time…

Does anyone think the 7,000 workers who lost their jobs are off on holiday on the Riviera? They’re going on the dole. Making do until another job comes available in this stellar global economy managed from one disaster to another by pointy-heads on Wall Street and the City of London.

Who will continue to take care of their own.

3 thoughts on “Ruling class takes care of their own and no one else. For example —

  1. moss says:

    Nice to see this noticed. Here, for sure. Government – especially state level hacks – hasn’t done crap to support working class families and kids.

  2. Thérèse Defarge says:

    “We blame air rage on long flight delays, shrinking seats and a general decline in civility. But the first empirical research study into the phenomenon pegs another culprit — class inequality — for the reason passengers lose it when taking to the so-called friendly skies.
    Air rage incidents are more likely when the plane has a first class cabin, says the study by Katy DeCelles of the University of Toronto’s Rotman School of Management and Michael Norton of the Harvard Business School. The odds increase when economy passengers have to pass through first class to get to their seats, reinforcing the inequality.
    Simply having a first-class compartment made an air rage incident nearly four times more likely, equivalent to the effect of a nine-hour flight delay, the study found. The bad behaviour was higher not only for economy passengers, but those in first class too.
    Other factors such as crowdedness, alcohol consumption and long flights can contribute to disruptive incidents, says Prof. DeCelles, but her research found their impact was smaller than you might expect.” http://www.eurekalert.org/pub_releases/2016-05/uotr-efu050216.php

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