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[[Image:Macquarie_CEO_Nicholas_Moore_Rod_Worker350px.jpg‎|left|350px]]===Waste Management Macquarie Group Limited CEO David SteinerNicholas Moore==='''[[Waste Management|Waste Management, Inc.Macquarie Group Limited]]''', known as Waste Management or WM, is a publicly traded ( banking, financial, advisory, investment, and fund management services headquartered in Sydney, Australia. In the United States, [httpshttp://www.googleprwatch.comorg/news/2013/11/12301/finance?q=NYSE%3AWM&ei=A2kKUuCVGMabrAHUnQE NYSE: WMcorporate-expressways-brought-you-macqaurie-and-transurban it has pushed for the privatization of public infrastructure and assets]) and operates major toll roads including Chicago's Skyway, Indiana's Toll Road, and the Dulles Greenway in Virginia, where area residents complain that higher tolls are pushing traffic into residential areas. The firm also owns a stake in Acquarion, a private, for-profit waste management company headquartered water service provider in HoustonNew England, Texasand is a [http://www.nasdaq. It is the largest waste collection corporation com/symbol/lrn/institutional-holdings major investor] in North AmericaK12 Inc., where waste management services have traditionally been provided as a public servicefor-profit provider of [http://www.huffingtonpost.com/mary-bottari/online-charter-schools_b_4030954.html poorly performing "cyberschools.] K12 Inc. receives [http://www.prwatch. Waste Management has been a driving force in the privatization org/news/2013/11/12314/cmd-exposes-america%E2%80%99s-%E2%80%9Chighest-paid-government-workers%E2%80%9D 86% of these servicesits revenue from taxpayers].

In 2012U.S. taxpayers and toll payers contribute to making Moore "America's Highest Paid Road Worker." Moore made [http://investing.businessweek.com/research/stocks/people/person.asp?personId=8335235&amp;ticker=MQGDA:AU&amp;previousCapId=875477&amp;previousTitle=MACQUARIE%20GROUP%20LTD $8.8 million] in compensation in fiscal year 2013, Waste Management generated according to <em>Bloomberg BusinessWeek</em>. Macquarie's top executives are also well compensated making an estimated [http://thomsoninvesting.mobularbusinessweek.netcom/thomsonresearch/7stocks/3141/4738people/ people.asp?ticker=MQGDA:AU $13.65 billion53 million] in total operating revenuecombined compensation in fiscal year 2013. Approximately In the fiscal year ending March 31, 2013, Macquarie reported [http://www.marketwatchmacquarie.com.au/dafiles/Internet/mgl/au/storyabout-macquarie-group/investor-relations/shutdownevents-politicsand-topresentations/documents/2013/full-dominateyear-investorresult/fy13-attentionmgl-2013annual-09financial-29 50 percentreport.pdf $6.7 billion] of in revenue (this revenue comes amount converted from taxpayers in thousands of municipalities across the country, according Australian to Goldman SachsU.S. dollars).

U.S. "Why are we sending taxpayer dollars contribute revenue to executives and shareholders abroad when we need to making Steiner "be investing in America's Highest Paid Sanitation Worker." Steiner made an eye-popping [http://investors.wm.com/phoenix.zhtml?c=119743&amp;p=proxy $45,581rebuilding our roads,052] in compensation from 2006 to 2012. Waste Management's top executives combined made [http://investors.wm.com/phoenix.zhtmlbridges and other infrastructure?c=119743&amp;p=proxy $119" said Lisa Graves,201,381] from 2006 to 2012Executive Director for the Center for Media and Democracy.

Prior to SteinerFor a number of years, Macquarie funded and led ALEC's tenure, Waste Management was embroiled in one efforts to promote privatization of the worst accounting scandals in U.S. corporate historyservices. In 2002For instance, when Macquarie's Geoff Segal was the U.S. Securities private sector chair of ALEC's Transportation and Exchange Commission (SEC) brought a lawsuit against Infrastructure subcommittee in 2011, he introduced the founder and five other former top officers of Waste Management Inc., charging them with " [http://www.secalecexposed.govorg/w/images/news0/headlines00/wastemgmt6Establishing_a_Public-Private_Partnership_(P3)_Authority_Act.htm perpetrating pdf "Establishing a massive financial fraudPublic Private Partnership (P3) Authority Act] lasting more than five years.as a "model" Waste Management settled bill to promote the case with the Securities and Exchange Commission privatization of public assets. The bill calls for an unelected committee to serve as a whopping [http://articles.chicagotribune.com/2005-08-27/business/0508270169_1_dean-buntrock-wasteone-managementstop-earnings-management $26.8 million] in 2005. Waste Management continues to come under fire by municipalities shop for its billing practices. See the CMD article, " [http://wwwprivatization of any public service.prwatch.org/news/2013/10/12285/waste-management-reaps-treasure-your-trash-and-taxes Waste Management Reaps Treasure from Your Trash and Taxes]."

"CMD will continue to profile some of the other CEOs and top executives who are living large off the chief beneficiaries taxpayer dime this month. The effort is part of outsourcing and privatizationour ongoing project," said Lisa Graves Executive Director of the Center for Media and Democracy[http://www.sourcewatch.org/index.php/Portal:Outsourcing_America_Exposed OutsourcingAmericaExposed. "Their salaries skyrocket while the salaries of org], which focuses on the workers involved take a big hit. Privatization is a key driver of 12 firms doing the race most to the bottom in wages and working conditions for America's middle classprivatize public services."

CMD will continue to profile some of the other CEOs who are living large off the taxpayer dime this month. The effort is part of our ongoing project, [http://www.sourcewatch.org/index.php/Portal:Outsourcing_America_Exposed OutsourcingAmericaExposed.org], which focuses on the 12 firms doing the most to privatize public services. Learn more about Waste management in the Sourcewatch Macquarie at our [http://www.sourcewatch.org/index.php/Waste_Management SourceWatch profile]. Follow the conversation at #OutsourcingAmerica.