Showing posts with label War. Show all posts
Showing posts with label War. Show all posts

March 23, 2008

War Profiteering

Disgusting...

(Scanned from: The Nation "The Costs of War" pg 25, March 31, 2008)


War means a windfall for CEOs

While policymakers in Washington wrangle over how much progress the U.S. has made in Iraq, one thing is clear: The war on terror is making some people rich.

Bush's military build-up has caused defence-contractor revenue to double, triple and even more during the past five years, and their executives have reaped huge bonuses and stock windfalls as the companies' share prices have jumped.

Take a look:

-CEOs at top defence contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.

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"In the most privatized war in history, lucrative opportunities abound for chief executives of defence contractors," says Sarah Anderson of the Institute for Policy Studies.