So let’s start with the Whiting Petroleum…
Do you have a problem with the paychecks they cut to workers prior to this bankruptcy? Do you think the fault of this lies on the CEO that they obviously want to retain or do you think it may lie in the fact that the CV came around and at the same time, we had the Saudi’s flood the market, resulting in $20 oil? Do you know what percentage of the balance sheet those bonuses represent? Their gross income was about $1.5 Billion last year. They agreed to pay this CEO a wage and I know you all hate people making lots of money, unless they’re in Hollywood or on the football field, but production targets were met so there’s absolutely no reason to penalize these guys for the oil price dropping from $60 a barrel to $20 which is the reason why they are being forced into bankruptcy.
The utter contempt for society is coming from the fascists on the left that want full government control of businesses without understanding a damn thing about those companies and why compensation packages for CEO’s are what they are. You all don’t seem to have a problem with politicians being worth millions and millions but let a guy work his way up the ranks in a company and become the CEO and dad blast it, you BETTER not give him a good paycheck.
Socialism is becoming popular because people are not paying attention to the history of Socialism. Utopia sounds great but it’s not real.