Tuesday, March 17, 2009

Onto the Bandwagon

I've been refraining from putting my (last) two-cents into the latest blathering about bail-outs because I'm trying to see how they work---whether the economy starts to show some signs of positive movement or not.  But the latest bonuses at AIG really take the cake.  How do people who ran a company into the ground so far that it has required not 1 but 3 bailouts deserve jobs, let alone bonuses??  Since the US now owns something like 80% of AIG, maybe we ought to VOTE on bonuses and who should be running the company.  Isn't that what stockholders do?  AIG management says these are "retention" bonuses, necessary so they can retain the "best and brightest" people.  I wonder how the company would have fared with someone a little dumber---maybe they wouldn't have made such poor bets and lost so much money.  After all, wasn't it written about Enron that they were "the smartest guys in the room?"   So how do AIG and Enron compare?  Wonder where we'd be if they had bailed out Enron................Yeah, I'm more than a little afraid.  Aren't you???  
And we call our dogs "pirates".......

2 comments:

Jean (aka Auntie Bucksnort) said...

Argh!! Bounders to a man!! (Very very wealthy bounders.)

Grassley calling for seppaku... Colbert calling for pitchforks... I'm just calling for the next seniors' discount day at my local grocery store.

Anonymous said...

Not to mention that eleven? of the people receiving bonuses at AIG no longer work there. How is the bonus going to "retain" them if they no longer work there?
Pretty enfuriating.
A & T