Bushonomics: The Hangover 0
While the companies that make up the S&P 500 tallied a collective $114 billion in losses in the still-being-reported fourth quarter, the scenario would be remarkably different — and profitable — if 10 companies behind $131 billion in losses were removed from the picture, according to S&P’s senior index analyst Howard Silverblatt.
The other seven companies the article refers to are Freeport-McMoRan Copper & Gold Inc., Citigroup Inc., Wachovia Corp. (newly acquired by Wells Fargo & Co.), General Motors Corp., Symantec Corp., Devon Energy Corp., and Regions Financial Corp.
You know, the Masters of the Universe who pay bonuses for performance to retain highly talented executives.
