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AIG responded that "The remark is very disappointing, but AIG's employees continue to work with poise and professionalism to take care of policyholders and repay taxpayers."
"...continue to work with poise and professionalism"? Maybe they should start to work with poise and professionalism -- ya know, the kind of professionalism that doesn't involve destroying your company?
That response completely misses the point -- to say nothing of the audacity of expressing disappointment with anyone when you've blown up the world economy. What AIG needs to do is very simple: Apologize, pay no bonuses, and try to make it right.
And unless they're willing to do that, Grassley is right: The world would be a lot better off without them.
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Reader Comments (Page 1 of 1)
3-18-2009 @ 2:07PM
BHarrison said...
The Japanese have a very honorable and effective means of addressing these problems and failures.
As is said: "Much is ecpeted of those to whom much has been given""
These CEOs and managment people were paid exorbitant salaries, bonuses, and "other incomes" for their "managment skills, acumen, and performance" . . . they led rather affluent lives, enjoyed all sorts of "perks". It is only fitting that hey efficeintly and honorably handle their failures in these matters.
3-18-2009 @ 3:35PM
hunter1riley said...
Grassley isn't pissed off. He's simply taking the populous path of least resistance. Growing outrage among Americans over these useless and costly bailouts make it easy to deflect from the real issue of the massive mistakes that Congress and the Administration(s) have made. Let's be angry over $150 million! Maybe we can rile up the people and they won't notice we're squandering trillions! Our politicians (save maybe Bernanke) are incompetent. The execs should have principles and not except the money at this time. Criminals should be held accountable. But to suggest that people commit suicide is pathetic and at any other time would have been cause to ask for the Senator's resignation.
3-19-2009 @ 9:21AM
arbie said...
I think its an outrage and they'll get their whats due to them when they pass on someday.
Now they worry about the safety of these people but do they expect?? Bush is partially to blame for sure.
3-22-2009 @ 4:28PM
elephant4life said...
You should be very careful of advocating or condoning this type of populist sentiment.
First of all, by encouraging someone to commit suicide, you expose yourself to legal action by his heirs should they be able to prove by a preponderance of the evidence that your exhortation was instrumental in his self-destruction.
Second, 400 out of 116,000 employees of AIG were responsible for the mess. They are not the ones who got the bonuses - they're already long gone. Those who remain are desperately worried about feeding their families, paying their mortgages, and not being followed home at night by some nutcase who espouses guilt by association, especially after "Sesquiculus" Franks laughed about the threats last week.
Third, why do you presume to negatively judge the other 115,400 people who are trying to do their jobs? You don't know them. You don't know where they work, or in what capacities.
Fourth, why aren't you mad at Congress?
Fifth, if you condone, or encourage, the condemnation and abrogation of the rights of a single group of citizens, why should those creatures in Washington blink twice about condemning the next group that Obama and his tame bulldogs in Congress seek to target as their scapegoat? Who knows, the next time it might be you, or your spouse, or someone in your family, who is tarred with the brush of angry public opinion.