Robert Hurley

Posts tagged with "Attack of the Spoiled Rich People"

Hear that, you stupid home owners! It's YOUR fault!

Friday, 6. March 2009, 03:30:38

worthless Mass Media, CitiBank, MSNBC, Attack of the Spoiled Rich People ...

You should've known better than to trust us!!!

19 comments

Attack of the Spoiled Rich People, Part... Uh, I lost count...

Thursday, 26. February 2009, 06:23:49

corporate malfeaseance, outsourcing the right way, Sheryl Crow, bailout ...

Take it away, Maureen:

It’s a good argument for nationalization, or better yet, internationalization. Outsource the jobs of these perfidious, oblivious bank executives to Bangalore; Bollywood bashes have to cost less than Hollywood ones.

The entertainment Web site TMZ broke the story Tuesday that Northern Trust of Chicago, which got $1.5 billion in bailout money and then laid off 450 workers, flew hundreds of clients and employees to Los Angeles last week and treated them to four days of posh hotel rooms, salmon and filet mignon dinners, music concerts, a PGA golf tournament at the Riviera Country Club with Mercedes shuttle rides and Tiffany swag bags.

and more...

Northern Untrustworthy even offered junketeers the chance to attend a seminar on the credit crunch where they could no doubt learn that the U.S. government is just the latest way to finance your deals and keep your office swathed in $87,000 area rugs.

finally

“A rep from the PGA told us Northern Trust wrote one big, fat check in order to sponsor the event,” TMZ reported.

Attack of the Spoiled Rich People, Part IV

Monday, 9. February 2009, 21:03:07

Attack of the Spoiled Rich People, corporate culture, How to Beat the High Cost of Living

You Try to Live on 500K in This Town

PRIVATE school: $32,000 a year per student.

Mortgage: $96,000 a year.

Co-op maintenance fee: $96,000 a year.

Nanny: $45,000 a year.

We are already at $269,000, and we haven’t even gotten to taxes yet.

Five hundred thousand dollars — the amount President Obama wants to set as the top pay for banking executives whose firms accept government bailout money — seems like a lot, and it is a lot. To many people in many places, it is a princely sum to live on. But in the neighborhoods of New York City and its suburban enclaves where successful bankers live, half a million a year can go very fast.

The cold hard math can be cruel.

Like those taxes. If a person is married with two children, the weekly deductions on a $500,000 salary are: federal taxes, $2,645; Social Security, $596; Medicare, $139; state taxes, $682; and city, $372, bringing the weekly take-home to $5,180, or about $269,000 a year, said Martin Cohen, a Manhattan accountant.

Now move to living expenses.