News Anchors Support Wall Street Protests At Own Risk: They're Millionaires Too
As NewsBusters has been reporting, the anchors of the various broadcast news programs have enthusiastically thrown their support behind the Occupy Wall Street movement.
Given a report from CNN Money Monday that the protesters are planning on marching on the homes of New York's millionaires, some of these television personalities might want to think twice:
Organizers are planning a march on Tuesday that will visit the homes of JP Morgan Chase (JPM, Fortune 500) CEO Jamie Dimon, billionaire David Koch, hedge fund honcho John Paulson, Howard Milstein, and News Corp (NWSA, Fortune 500) CEO Rupert Murdoch.
The millionaires and billionaires are being targeted for what event organizers called a "willingness to hoard wealth at the expense of the 99%."
So far, protesters have not strayed too far from downtown, where a home base of sorts has been established at Zuccotti Park.
Tuesday's march -- organized by UnitedNY, the Strong Economy for All Coalition, the Working Families Party and New York Communities for Change -- will cover quite a bit of ground if successful.
To be sure, the leading television news personalities aren't in the rarified air of these mega-rich moguls. However, they certainly are part of the top one percent the protesters are railing against.
Consider for example ABC's Diane Sawyer who on Monday was so jubilant about the protests that she told her World News viewers the movement has spread to more than a thousand countries.
Given her wealth and income, you have to wonder why this makes her so happy. According to Celebrity Net Worth, Sawyer is worth $40 million with an annual salary of $12 million.
Over at NBC, Nightly News anchor Brian Williams, who on Friday compared the protests to the Arab Spring claiming it has historical comparisons, has a net worth of $30 million with an annual salary of $13 million.
Although only at the position for a few months, CBS Evening News anchor Scott Pelley has a net worth of $15 million with an annual salary of $4 million.
The evening broadcast anchors aren't the only one-percenters. Good Morning America anchor George Stephanopoulos has a net worth of $8 million with an annual salary of $6 million. Co-anchor Robin Roberts has a net worth of $14 million with an annual salary of $6 million. This Week host Christiane Amanpour has a net worth of $12.5 million with an annual salary of $2 million.
But that's chump change. Over at NBC, Today show host Matt Lauer has a net worth of $45 million with an annual salary of $17 million. Co-host Ann Curry's net worth is $10 million with an annual salary of $2 million.
Something else to consider, when musicians and record producers visit the protests, they're also potentially entering the lion's den.
So when all these rich media members gush and fawn over this movement, they should not only be cognizant of the hypocrisy.
They might also want to keep in mind they could some day be targets of the anti-rich anger at the heart of the protests.