 An AIG (Aint I Greedy) update; One set of suggestions is to threaten those that don’t give back their bonuses that they will lose their jobs. The problem is that about 1/3 of them have already left their jobs. So you are left with the Titanic question. The Titanic itself may have been full of a bunch of scoundrels and lowlifes, yet saving the Titanic would have meant saving them too. Sometimes you have to save the entire ship even if it means saving those who don’t deserve to be saved, in this case AIG, the big banks and what we should have done with Bear Sterns. |
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Showing posts with label AIG. Show all posts
Showing posts with label AIG. Show all posts
Monday, March 23, 2009
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Monday, March 16, 2009
 For those of you out in Fauxvia who may consider this title a bit flip, remember we are describing a bunch of flops. Because all we have to do is watch the actions this week of the AIG Board of Directors. After being kept afloat by $170 billion dollars in bailout money, they are planning this week to give out 165 million dollars of employee bonuses. This they say, is required by pre-existing contracts, and also enabled by their friend George Bush who gave them bailouts with no preconditions. President Obama isnt pleased (to put it mildly), and Larry Summers was on record this weekend as to the administrations intent to explore every legal means to limit or eliminate this junk bonding (our words, not his) between executives and their own interests while remaining oblivious to the performance levels of their companies. This is why we now call it AINT I GREEDY. |
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