Wall Street got $91.44 billion in bonuses for 2013. The 98% of us want those bonuses paid back to the victims of the financial crisis. We're pretty sure $91.44 billion won't even start to compensate for the damage. A magazine, How To Spend It, is devoted to helping the super rich spend their newly acquired wealth. The magazine is a fine example of unbridled greed and conspicuous consumption.
America may not get justice on outrageous executive pay but the Swiss might. They are having a national vote on excessive CEO pay.
With more than 100,000 Swiss citizens having signed a petition to limit “fat-cat” pay, voters will decide at a March 3 referendum whether top executives should have their compensation set by shareholders.
Switzerland believes excessive CEO pay was imported from America.
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