Wednesday, April 29, 2009
Outrage of the Day: Keith Olbermann Got a Big Raise While His Employer Got a BailoutWriting on U.S. News and World Report's website, Peter Roff notes that MSNBC's Keith Olbermann negotiated a $3.5 million raise at the very time his employer was receiving a taxpayer bailout.
Peter reports the "Stop the Worst Bailout in the World" website has started on online petition to Olbermann:
Dear Mr. Olbermann,Go here if you'd like to sign it (and/or go if you'd like to watch a video the hilarious SNL send-up of Olbermann).
While General Electric, the parent-company of your MSNBC network, was negotiating a $126 billion taxpayer-funded bailout, you signed a new contract raising your salary from $4 million to $7.5 million annually. You have used your show as a platform to call for the resignation of corporate executives accepting excessive bonuses on the backs of taxpayers who are picking up the tab for these atrocious bailouts, yet you yourself have no problem engaging in the same “class economic rape” that you accuse them of.
Please heed your own advice and stop accepting taxpayer money to subsidize your nightly diatribes. Resign or return the balance of your excessive raise to the U.S. Treasury.
P.S. Here's a video of Keith Olbermann complaining about spending by bailed-out firms ("corporate pirates" ... who "need to be fired"). It's jaw-dropping to watch it knowing that he just got an extra $3.5 million in pay from a bailed-out firm.
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Posted by Amy Ridenour at 6:46 AM