Marissa Mayer tells us a lot about why Americans are so angry, and why anti-establishment fury has become the biggest single force in American politics today.
Mayer is CEO of Yahoo. Yahoo’s stock lost about a third of its value last year, as the company went from making $7.5 billion in 2014 to losing $4.4 billion in 2015. Yet Mayer raked in $36 million in compensation.
Even if Yahoo’s board fires her, her contract stipulates she gets $54.9 million in severance. The severance package was disclosed in a regulatory filing last Friday with the Securities and Exchange Commission.
In other words, Mayer can’t lose.
It’s another example of no-lose socialism for the rich – winning big regardless of what you do.
To do that, naturally, would require something along the lines of a "political revolution." In fact, the debate about whether we should be shooting for such a reversal in policy is the main question in the Democratic Party Primary that is taking place right now, and that will culminate on June 7th, here in California. You can still register to vote, up until May 23rd. If you want to be sure that you can vote in the Democratic Party Primary election, you will need to register as a Democrat.
Click here to register to vote (or to reregister).
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