Fascinating facts and interesting stories

Natural result of greed

Charities for people and animals in need together only receive about $200 billion a year. In 2006, Wall Street firms paid out $62 billion in bonuses to a small number of directors and in 2008 it was more than $100 billion. In 1980, on average a Fortune 500 CEO made 40 times more than the average person who worked for him or her; by 2000, it was about 400 times more, and in 2008 it was more than 500 times more.

To quote William McDonough, former head of the New York Fed, “There is no economic theory on God’s planet that can justify that.” In short, the natural result of greed is a stock market crash.

02/05/2009. Category: money. Tags: , , .

You may also like -

Ad: Amazon.com - Read eBooks using the FREE Kindle Reading App on Most Devices