Hightower Lowdown
"Loyalty to country, always. Loyalty to the government when it deserves it." -- Mark Twain
In This Issue
It's a natural high for the econonmy, the enviroment & our body politic
November's Lowdown
The five most wanted men from Wall Street and Washington
What the hell's happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even my state's teetering on the brink of broke! Who did this to us? Fair questions, but we're not getting honest answers.
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He's number one!
Michael Eisner is back at the top of his game. The chief mousketeer at Disney Inc. had lost his #1 ranking as the highest paid CEO in all of corporatedom, but this year's Business Week listings (April 14th issue) put him back at the head of the pack. He hauled in $287,000 last year. Not for the year nor for a month, a week, or a day. He took $287,000 an hour. He's also #1 in Business Week's rankings of chief execs who delivered the least value to their shareholders for the pay they got. And this says nothing about Eisner's continuing push to exploit sweatshop labor in Haiti, China, and elsewhere, nor about his move to cut healthcare benefits for the low wage workers he dresses up as Pluto and Goofy at Disney World and Disneyland. Michael seems to think he's top dog . . . and everyone else is just a bunch of fire hydrants.