Cote, D
<p><strong>5. David Cote, chairman and CEO, Honeywell International Inc.</strong> David Cote is a veteran of GE and also sits on the board of JPMorgan Chase, where he is one of three members of the risk committee that failed to prevent the disastrous $6 billion trading loss mentioned above. Cote has led Honeywell, one of the world’s largest industrial conglomerates, since 2002. Along with GE and Boeing, Honeywell shares the distinction of being a <a href="http://www.infoplease.com/ipa/A0933679.html">top corporate polluter</a> <span class="print-footnote">[18]</span>.
Obama invited Cote to join the Simpson-Bowles deficit commission in 2010, where he worked hard to create a flawed plan meant to reward the rich and cut vital services for the 99 percent. Meantime, sales of mostly aerospace-related Honeywell products sold to the government make up about <a href="http://biz.yahoo.com/ic/10/10062.html">12 percent of Honeywell’s total revenues</a> <span class="print-footnote">[19]</span>.
Here’s the <a href="http://www.equilar.com/CEO_Compensation/Honeywell_International_David_M._Cote.php">2009 figure</a> <span class="print-footnote">[20]</span> for what Cote raked in as Honeywell’s CEO: $12,839,038. In response to the recession, Cote forced Honeywell's employees to take <a href="http://management.fortune.cnn.com/2012/05/14/500-honeywell-cote/">unpaid furloughs</a> <span class="print-footnote">[21]</span> of between two and five weeks during 2008 and 2009.</p>