Lifestyles of the Rich & Famous War Profiteers
The mockumentary “Lords of War” shows how Pentagon money gets funneled into $20-million-plus paydays for weapons company CEOs — and their lavish lifestyles. The post Lifestyles of the Rich & Famous War Profiteers appeared first on The Intercept .
The Pentagon budget has surpassed $1 trillion for the very first time, and private contractors now account for more than half of all the tax dollars that flow to the Pentagon. These contractors have become exceedingly wealthy due to the privatization of the U.S. military. According to a new mockumentary called "Lords of War," co-produced by the Quincy Institute for Responsible Statecraft and The Intercept, the CEOs of these military-industrial contractors live lavish lifestyles while many service members suffer from poor living conditions.
The documentary exposes the stark contrast between the opulent homes of these CEOs and the dire housing conditions many service members face. The top Pentagon contractors have seen their revenues and stock prices skyrocket, converting military revenue into corporate perks like lobbying and stock buybacks, rather than improving national security.
Notably, the average compensation package for a Lockheed Martin CEO is $20 million, far surpassing the compensation received by enlisted service members.
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- Lifestyles of the Rich & Famous War Profiteers theintercept.com
