Let me join the rant of people complaining about the bonuses of AIG executives.
Here’s the part the defenders of the bloated payouts don’t seem to fathom. YOU DON’T GET A BONUS FOR DRIVING A COMPANY INTO BANKRUPTCY.
In the world most of us live in, you get shown the door for that kind of performance and it’s not with several million dollars as a parting gift.
And if I hear one more time the pitiful justification that they need to retain the executives at AIG to run the place, I’ll scream.
I mean, Hello? Aren’t these the same dolts who got us here in the first place?
Please. Do everyone a favor and acknowledge this pack of plunderers aren’t all that talented -- unless you happen to believe losing billions takes a special gift. And, if it is… look my way. I’m sure I could take over AIG with the same results these ‘executives’ have delivered and I’d be willing to do it for, oh, the bargain basement price of only 10 percent of the $220 million about to be flushed in retention bonuses.
Then, unlike the real AIG executives, I’d be happy to admit what a miserable failure I’d been and go away.
Posts
I agree completely on the bonus for perfance issue. But who is at fault here? Someone promised these bonusses. Even worse, our legislature deregulated the financial sector creating some of this catastrophe. Our current legislature voted to give bailout funds in the first place. Hopefully, before they pass a rediculous excise tax on those receiving these bonusses, they too will 'fess up. Maybe their faux outrage with AIG will trigger them to give back half of their salaries, reduce their benefits, and tax those sweet lobbying gifts they receive.....
ReplyDeletewritten from Planet Crack