Thursday, July 30, 2015

A Hard Life

Via The Intercept, we learn of one man’s suffering under the heel of the oppressors.

Phil Gramm, a former three-term Republican senator from Texas who once ran the Senate Banking Committee, told the House Financial Services Committee yesterday that “it was an outrage” that his friend Edward Whitacre, the CEO of AT&T, only got “$75 million” when he retired in 2007.

“If there’s ever been an exploited worker” it was Whitacre, said Gramm, testifying on the 5th anniversary of passage of the Dodd-Frank financial reform bill. Gramm appeared genuinely aggrieved by Whitacre’s shabby treatment and literally pounded the table while speaking.

Whitacre actually received a retirement package totaling $158 million.

Gramm attributed public anger at CEOs like Whitacre to “the one form of bigotry that is still allowed in America,” which is “bigotry against the successful.”

Oh, the humanity.

HT to Digby.

One bark on “A Hard Life

  1. Let’s not forget that this assclown was also one of the architects of the Gramm-Leach-Bliley Act that repealed Glass-Stegall and caused the huge recession in 2008. He is a horrible person.

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