Berwick's target demographic must include a large proportion of women who, metaphorically speaking, have had more forks stuck in them than a Swiss fondue pot. Take Oxygen's reality show, The Preachers of LA, which features six men practicing faith-based chicanery. In any civilized country, such a show would result in fraud investigations against the grifters using religion to separate people from their money, but in the capitalist USA, it results in a contract extension and spinoffs currently being developed for New York, Atlanta, Dallas, and Detroit, an expected outcome from NBC, the parent of CNBC, MSNBC, and E's Kardashians.
A good number of African-American ministers and Mormons have admitted that The Preachers of LA does a disservice to Christianity.
"The downside is that people often paint all pastors with a broad brush and, after watching this show, they may well begin to associate all pastors with those behaviors. There are many pastors who are out here serving the people and not just serving themselves," said Rev. James C. Perkins, the pastor of Greater Christ Baptist Church in Detroit and vice president of the Progressive National Baptist Convention.
"P. Diddy. Jay-Z. They're not the only ones who should be driving Ferraris and living in large houses," said Bishop Ron Gibson in one of the show’s episodes.
Obviously Gibson skipped over Matthew 19:24 where Jesus said, "And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." Not to mention Exodus 32 with respect to the golden calf.
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Exelon Corporation mailed a ballot (read it here) for its annual shareholder meeting containing the following shareholder proposal: "A shareholder proposal to limit individual total compensation for each of the Named Executive Officers to 100 times the annual median compensation paid to all employees."
As one would expect, Exelon management advises against voting for the proposal.
Let's do the math. A fair guess would place Exelon's annual median compensation at 40,000, so the proposal sets a cap at $4 million. Then compare that cap against the amount Exelon CEO Christopher Crane was awarded last year: $17.2 million in cash, stock, and benefits, up from $10.2 million in 2012. Finally, look at the performance of the company during that time period: Exelon's stock price sank nearly 8%.
In a touch of irony probably unappreciated by Crane, Exelon said his 70% raise was justified because it was making his salary equal to the median paid to peer CEOs.
Hope the shareholder proposal succeeds and is copied by other shareholder activists, but a ratio of 50:1 would be a more equitable arrangement for all but the grossly overpaid corporate executives.