Ken Lewis out the door with a $53.3 million pension

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SEIU

Ken Lewis is on his way out at Bank of America. But not without one more parting gift from all of us.

Despite helping to drive us into one of the worst financial meltdowns in history, it’s been revealed that Bank of America plans to send Ken Lewis out the door with a $53.3 million pension on top of the hundreds of millions he’s already made during his failed tenure as CEO.

We’re the ones paying billions in tax dollars to bail out Bank of America for the mistakes Ken Lewis made. We shouldn’t let him take one more penny of our hard-earned money.

Stop the Ken Lewis Bailout

The Obama administration has appointed a ‘pay czar,’ Kenneth Feinberg, to make sure our tax dollars aren’t being used to pay outrageous earnings to bank CEOs.

Will you tell the pay czar to stop payment on the Ken Lewis bailout? http://seiu.org/stoppayment

SEIU Secretary Treasurer Anna Burger will be delivering a letter to Mr. Feinberg, asking him to withhold Lewis’ absurd compensation until Bank of America agrees to stop hurting our communities with reckless financial practices. But we want you, as a taxpayer, to sign on to the letter before we deliver it to Mr. Feinberg: http://seiu.org/stoppayment

The changes we’re asking for are simple - and they’re necessary to stop greedy banks from driving us toward another financial meltdown. Help make sure Ken Lewis doesn’t get another dime of our money until Bank of America cleans up its act.

Sign on to Anna Burger’s letter at http://seiu.org/stoppayment

Thanks,
John VanDeventer
SEIU.org

P.S. It’s not just Ken Lewis. CEOs at all the major banks are continuing to rake in millions, but they’ve done nothing to fix the problems that got us into this mess. Help us put them all on notice by signing the letter to pay czar Kenneth Feinberg.

Michael Moore’s important new film, Capitalism: A Love Story

Commecials, Politics, The Media and the Environment 2 Comments

Dear MoveOn member,

Today, Michael Moore’s important new film, Capitalism: A Love Story is opening across the country.

On the 20th anniversary of his groundbreaking masterpiece Roger & Me, Moore returns to the issue he’s been examining throughout his career: the disastrous impact of corporate dominance on the everyday lives of Americans. But this time he’s not just going after General Motors. 

We’ve seen the film, and it’s a devastating and illuminating look at how thoroughly corporate influence has penetrated our government at the expense of all of us. It provides an important perspective that we all need to consider as we head into the fight to rein in Wall Street.

To find out when Capitalism: A Love Story is playing near you, click below:

http://www.moveon.org/r?r=84780&location=97401-3420&id=17422-9659800-kM_6Mvx&t=3

Capitalism takes you deep into the latest crash on Wall Street, the subsequent bailouts, and the effect of both on regular, hard-working Americans.

Check out what people are saying about this film:

“No matter what side of the political fence you’re on or what you think of Moore as an activist and provocateur, a film that explores the economic meltdown and its historical roots is something most of us can get our heads around. Capitalism is impassioned, informative and entertaining…His rallying cry is simple: The country needs to return to its democratic roots.”—Claudia Puig, USA Today1

“Michael Moore’s Capitalism: A Love Story is a blistering, mad-as-hell indictment of everything in America that, according to Moore, has led to our current state of economic peril. The back-scratching greed and corruption, the cult of Wall Street as a casino for elites, the subprime mortgage vendors who operated like loan sharks: Moore pulls the big picture together…urgent, unsettling, and mischievously funny.”—Owen Gleiberman, Entertainment Weekly2

This is a political documentary that’s a lot of fun—and a movie that all of America needs to see. We really enjoyed it, and hope you do too.

Thanks for all you do.

–Daniel, Laura, Ilyse, Nita, and the rest of the team

Sources: 

1.  “Capitalism: A Love Story profits from populist outrage,” USA Today, September 23rd, 2009
http://www.moveon.org/r?r=84776&id=17422-9659800-kM_6Mvx&t=4

2.  “Capitalism: A Love Story,” Entertainment Weekly, September 23rd, 2009
http://www.ew.com/ew/article/0,,20307593,00.html

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