If ever there was a better time to highlight the evil that is corporate greed, it is right now. As the world, by which I mean us inconsequential plebeians, suffer the erosion of our salaries, the loss of employment, diminishing savings and for some, just damn hard to feed and clothe your kids, corporate pigs continue to wallow in a vile swill of inconceivable amounts of money.
Two examples I read today just want to make me vomit in absolute disgust.
Qantas CEO’s 71 per cent pay rise approved at heated annual meeting. Did you get that? SEVENTY ONE percent! And in an industry that is crying poor. The poor bastard’s salary will increase from $2.9 million to $5 million. I bet he donates $10 to the Red Cross every year to keep his conscience clear.
Novartis 3Q profit up 7 pct; plans 2,000 jobs cuts. Now this small looking seven percent increase is actually a profit of $2.9 BILLION! Oh, by the way, that’s only for three months!
In the small town where I live, Novartis are closing their entire facility with the loss of 270 jobs. Thirty of which are disabled people. In a town of fifteen thousand people, this will hurt our town very badly. Of course these 270 real people will be unemployed but happy in knowing they have made their contribution in helping poor Novartis crack $12 billion in profit in the next twelve months.
In recent posts I have mentioned the economic crisis that is concerning to all of us now. There is no escaping the consequences, no matter where you live. The world is so interconnected that we now see the absurdity of it all with China coming to the financial aid of Europe. The world has gone completely insane. Will India bail out the US debt next?
But while we suffer, it is clear that the corporate pigs of this world are alive and well, and gleefully rubbing salt into our wounds.
The actions of these two companies is now ‘par for the course’ for the whole corporate world. As disgusting as their actions are, reactions and protests have been non-violent. So far. My biggest worry is that actions such as this will provoke greater and greater anger. As the rage increases, so does the chance of a violent reaction.
Read Animal Farm recently?