Phil Gramm: It Was an Outrage That “Exploited” AT&T CEO Got Only $75 Million at Retirement

a reply to: Kali74

If Texas wants out so bad they can take this POS with them.
The full context doesn't change anything..reminds me of a cheesy Steven Segal movie where he asks the oil exec."how much money is enough"

originally posted by: olaru12

originally posted by: Bluntone22

originally posted by: Answer

originally posted by: Bluntone22
Here is what he said in its entirety, not a cobbled up edited video.

youtu.be...

I doubt it'll make a difference. People would rather take everything out of context and continue to be upset instead of getting all the facts.

They'll whine about this CEO but I don't see anyone whining about celebrities who make as much if not more.

People act like if the folks at the top weren't getting all this money, it would go somewhere more useful. That's a pipe dream.

I paid $8 for a movie ticket this week just so Tom cruise can make 20 million. What a greedy jerk!
How's that? Lol

I don't know what Cruise is worth, but as a union sag_afTra and iATSE, making movies is hard damn work. Try being an extra to get experience.

Thanks to Tom Cruise's hard work, the studio makes a lot of money. The other actors and crew make a lot of money. Tom Cruise adds tremendous value to the production.

That's the same argument being made by Phil Gramm. Whether or not you consider a CEO's job to be "hard work" if they add tremendous value to the company, they are worth a lot of money.

a reply to: TrueBrit

Phil Gramm is one of the scumbags that helped to crash the economy by pushing to deregulate the banking industry.

originally posted by: Blackmarketeer

Whitacre actually received a retirement package totaling $158 million.

Gramm is a classic example of what is wrong with American politics.

I'm rendered speechless.
At what point does the Human mind become so utterly delusional that this can be deemed even remotely reasonable?

It should be pointed out that this kind of insane greed is a pandemic amongst "these" people. He truly believes that it's an outrage, and his outrage should be outrageous to every sensible Human in the world.

When you hear people saying about the 1% that "they really just don't get it" - it's an understatement. They are genuinely so utterly, insanely greed-driven that they really just DON'T GET IT.

originally posted by: buster2010
a reply to: TrueBrit

Phil Gramm is one of the scumbags that helped to crash the economy by pushing to deregulate the banking industry.

Yes.

He was "one of".

One of millions.

Phil Gramm's "tantrum" is quite telling....if he believes his buddy was screwed out of enough retirement money at over 75 million......what do you suppose he believes his retirement package should be ? Is this perhaps how so many politicians rationalize taking bribes and voting against the people in favor of corporations ?! The majority of the "millionaires club" that are making decisions for the rest of us , believe they deserve to live out their lives in luxury...screw the Vets, the Blue collar workers and anyone else who wasn't "smart" enough to sock away millions of dollars for their retirement , those who paid into and counted on Social Security and Medicare to make sure they would have the bare essentials to live out their golden years are the "entitled" bastards ruining our Country.....sigh....

Yup, he's just asking for his fair market value, to be compensated for the revenue he helped generate. Just like the sports stars and movie stars.

Technically, a lot of us here are guilty of bigotry against the successful.

Then again, technically, me cooking and eating tacos is cultural misappropriation.

F*ck off with the whining, when your technically unfair pension/salary still allows you to live footloose and fancy-free forever, disconnected with most of the realities that bog down most of our experiences.

Get a life.

originally posted by: Oouthere
It was actually post tax 158.5 million dollars, $40,000 per year for country club dues, $12,000 per year vehicle lease, 10 hours per month on a company jet, and health care for life.

Looks like the real point went right over everybody's head !!!!

That means AT&T paid the guy so he could pay $100 million to fund government social programs !!!



Tax the rich, they won't go hungry !!!

Lets see now.

AT and T.

en.wikipedia.org...

Whose revenue in 2014 was $132 billion dollars.

Whose operating income was $13 billion dollars.

Whose total assets was $292 billion dollars.

Let the CEO who made decisions to keep,grow, and maintain those figures.

Walked away with a measely $75 million bucks.

Well I wouldn't be too happy either.

originally posted by: MountainLaurel
Phil Gramm's "tantrum" is quite telling....if he believes his buddy was screwed out of enough retirement money at over 75 million......what do you suppose he believes his retirement package should be ?

Except that wasn't Gramm's actual point.

Don't let that stop you from having a good rant, though.

originally posted by: neo96
Lets see now.

AT and T.

en.wikipedia.org...

Whose revenue in 2014 was $132 billion dollars.

Whose operating income was $13 billion dollars.

Whose total assets was $292 billion dollars.

Let the CEO who made decisions to keep,grow, and maintain those figures.

Walked away with a measely $75 million bucks.

Well I wouldn't be too happy either.

You left out 25 years of service, those numbers where only 2014 revenues.

originally posted by: neo96
Lets see now.

AT and T.

en.wikipedia.org...

Whose revenue in 2014 was $132 billion dollars.

Whose operating income was $13 billion dollars.

Whose total assets was $292 billion dollars.

Let the CEO who made decisions to keep,grow, and maintain those figures.

Walked away with a measely $75 million bucks.

Well I wouldn't be too happy either.

Oh don't be greedy. You're supposed to help the company earn billions while getting $15 an hour because... the poor and the children and feelings and stuff.

The wage gap in this country is insane but as long as people continue working for peanuts and CEO's keep earning mega money across the board, nothing will change.

a reply to: Answer

I don't have a problem with ceo's making 'bank'.

That use to be the American dream.

Why settle for 'scraps'?

originally posted by: xuenchen

originally posted by: buster2010
a reply to: TrueBrit

Phil Gramm is one of the scumbags that helped to crash the economy by pushing to deregulate the banking industry.

Yes.

He was "one of".

One of millions.

Sorry but millions of people were not pushing to deregulate the banks. Only the banks and their lapdogs in the government was pushing for that.

originally posted by: neo96
a reply to: Answer

I don't have a problem with ceo's making 'bank'.

That use to be the American dream.

Why settle for 'scraps'?

It's also the American dream for people to be treated equally. So how does this guy being paid hundreds of times more than his employees fit into that American dream.

Phil Gramm has always been somewhat off, even though he was a senator......now we have bunches of them in congress

originally posted by: buster2010

originally posted by: xuenchen

originally posted by: buster2010
a reply to: TrueBrit

Phil Gramm is one of the scumbags that helped to crash the economy by pushing to deregulate the banking industry.

Yes.

He was "one of".

One of millions.

Sorry but millions of people were not pushing to deregulate the banks. Only the banks and their lapdogs in the government was pushing for that.

No millions of people EVERY day play the lottery to get what there B ?

Dirty,Rotten,Filthy,Stinking RICH.

Btw enough with the Political Trolling there AT and T is a TELECOM corps.

originally posted by: buster2010

originally posted by: xuenchen

originally posted by: buster2010
a reply to: TrueBrit

Phil Gramm is one of the scumbags that helped to crash the economy by pushing to deregulate the banking industry.

Yes.

He was "one of".

One of millions.

Sorry but millions of people were not pushing to deregulate the banks. Only the banks and their lapdogs in the government was pushing for that.

That's true, we had guys like Barney frank telling us how financially sound Freddie and Fannie where right before they crashed.

originally posted by: buster2010

originally posted by: neo96
a reply to: Answer

I don't have a problem with ceo's making 'bank'.

That use to be the American dream.

Why settle for 'scraps'?

It's also the American dream for people to be treated equally. So how does this guy being paid hundreds of times more than his employees fit into that American dream.

Bull and crap.

Millions of people DO NOT think skilled, and unskilled labor should be 'treated' equally.

What's the purpose of those 'awesome' college degree's eh.

Millions of people think a ceo should be paid the same as someone flipping burgers ?

Oh yeah right!

Anyone can run a mutlibillion dollar,multinational corporation with NO skills.

originally posted by: buster2010

originally posted by: neo96
a reply to: Answer

I don't have a problem with ceo's making 'bank'.

That use to be the American dream.

Why settle for 'scraps'?

It's also the American dream for people to be treated equally. So how does this guy being paid hundreds of times more than his employees fit into that American dream.

How much value did the CEO add to the company?

How much value did the average employee add to the company?

How easy would it be to replace the CEO with someone who has the same level of experience? How easy would it be to replace the average employee with someone who has the same level of experience?

We sat around and allowed this ridiculous wage gap to grow.

If you're pursuing the American dream by working for a corporation, you haven't been paying attention.