On Wed, Feb 10, 2010 at 9:23 AM, Doug Henwood <dhenwood at panix.com> wrote:
> [from Politico's Morning Money]
>
> OBAMA DOESN'T 'BEGRUDGE' BONUSES FOR 'SAVVY' WALL STREET EXECS, Bloomberg's
> Julianna Goldman and Ian Katz report: 'President Barack Obama said he
> doesn't 'begrudge' the $17 million bonus awarded to JPMorgan Chase & Co.
> Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman
> Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home
> more pay. The president, speaking in an interview, said in response to a
> question that while $17 million is 'an extraordinary amount of money' for
> Main Street, 'there are some baseball players who are making more than that
> and don't get to the World Series either, so I'm shocked by that as well. I
> know both those guys; they are very savvy businessmen,' Obama said ... 'I,
> like most of the American people, don't begrudge people success or wealth.
> That is part of the free-market system.'___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>
-- ********************************************************* Alan P. Rudy Dept. Sociology, Anthropology and Social Work Central Michigan University 124 Anspach Hall Mt Pleasant, MI 48858 517-881-6319