Honeywell 4Q 2012 Non-GAAP Earnings up 6% and Annual 2012 Earnings up 11%

Below here are reconciliations of Honeywell's Earnings as Reported and its Non-GAAP Adjusted Earnings for both the 4Qs of 2012 and 2011 and for annual 2012 and 2011:

	4Q	4Q	%		Annual	Annual	%
	2012	2011	Increase		2012	2011	Increase
	mil $s	mil $s	(Decrease)		mil $s	mil $s
Net Income (Loss) from continuing operations attributable to common shares, as reported	251	(310)	181%		2,926	2,067	42%
Pension Mark to Market Adjustment, Pretax Charge	957	1,802			957	1,802
Pension Mark to Market Adjustment, Tax Effect	(335)	(665)			(335)	(665)
Non-GAAP Adjusted Net Income	873	827	6%		3,548	3,204	11%

And from the most recent 2011 Proxy Statement filed with the SEC, below here is the executive compensation information for David Cote, the Chairman and CEO of Honeywell:

					Non-equity	Increase
					Incentive	In	All
			Stock	Option	Plan	Pension	Other	Total
Year	Salary	Bonus	Awards	Awards	Compensation	Value	Compensation	Compensation
	000s	000s	000s	000s	000s	000s	000s	000s
2011	1,800	4,300	0	9,850	19,000	2,464	428	37,842
2010	1,800	4,300	0	8,484	0	5,342	229	20,155
2009	1,800	0	4,253	6,375	0	384	412	13,224
3 Yr Total	5,400	8,600	4,253	24,709	19,000	8,190	1,069	71,221

When you review the above clearly extravagant compensation numbers for Honeywell's CEO, do you think that the US has a problem with economic fairness between the very wealthy and everyone else?  Yeah, that's $37.8 mil of Total Compensation for Honeywell's CEO just for one year 2011.

And this Honeywell CEO has the Obama Administration's ear on the best way to reduce the US Debt?

And the Business Roundtable is now lobbying very heavily to delay first eligibility for both Social Security and Medicare Benefits to Age 70.  Give me a break!