[Congressional Record Volume 142, Number 25 (Wednesday, February 28, 1996)]
[House]
[Page H1400]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           CEO'S HIT JACKPOT

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, while American workers keep losing their 
jobs, the top chief executive officers just keep hitting the lotto. 
Check this out. Chemical Bank go rid of 12,000 workers; the boss made 
$2.5 million. GTE got rid of 17,000 workers; the boss made a cool $2 
million. IBM shafted 60,000 workers; the boss made $2.6 million.
  And AT&T, they take it all. They got rid of 40,000 workers and Robert 
Allen, chief executive officer, made 3.3 million big ones. They call it 
downsizing. I call it larceny. AT&T does not stand for American 
Telephone and Telegraph anymore. It stands for Allen and two 
temporaries. That is Robert Allen, folks; $3.3 million, think about it.
  I yield back the balance of all this unemployment.

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