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    Repiglican Roast

    A spirited discussion of public policy and current issues

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    I'm furious about my squandered nation.

    Friday, September 01, 2006

    Defense Contractor CEOs' Pay Doubles or Corporate Ass Rape of Taxpayers through lie based "war" in Iraq and Phony as a 3 Dollar Bill war on Terror

    [...]

    The study, conducted by the Institute for Policy Studies and United for a Fair Economy, found that, on average, CEOs of corporations with extensive defense contracts are getting paid about double what they made before Sept. 11, 2001.
    [...]
    The highest paid defense CEO, George David of United Technologies Corp. _ which makes Black Hawk helicopters and jet engines _ took in $31.9 million in 2005. That actually represented a big cut in pay from the $88.3 million he made in 2004.

    Halliburton Co.'s CEO, David Lesar, saw his compensation more than double last year to $26.6 million. Halliburton has been the top provider of logistical services in Iraq such as transportation and feeding U.S. troops, but has come under fire for no-bid contracts and allegations it overcharged the government.
    [...]
    Another highly paid CEO is Jay Gellert, CEO of Health Net Inc., which provides managed health care to dependents of military personnel as well as Pentagon retirees. In the years immediately before Sept. 11, 2001, Gellert didn't break $1 million in compensation.

    Gellert made $11.6 million last year after a big jump in military contracts that the company said in its SEC filings resulted from "a rise in demand for private sector services as a direct result of continued and heightened military activity."
    [...]

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