Showing posts with label AIG. Show all posts
Showing posts with label AIG. Show all posts

Monday, March 16, 2009

If we were YOUR kids, we'd punish ourselves.

I can't believe some some progressive blogs are getting caught up in the AIG/ Employment law question where AIG is arguing that failing to honor contracts with regards to bonuses could put them in violation of the law.

It's all such bullshit. Some executive at AIG decided he wanted his bonus but realized that in this climate with millions of Americans feeling the short end of their terrible corporate decisions and taxpayers on the hook for 150 million bucks that there would be a shitstorm if the bonuses were awarded.

So he ordered someone in legal to come up with an excuse as to why they HAD to award the bonuses because their hands were tied.

Stop over thinking this people.

Wednesday, September 17, 2008

I ain't through with you by a damn sight. I'ma get medieval on your ass.

There probably exists no legal instrument for this but I want the government to seize every penny of this man's $47 million dollar severance package.

Since taxpayers are now on the hook to the tune of $80 billion to AIG partly for the decisions Sullivan made as CEO it's the least we can expect that he'll be the first to chip in.

At the very least we need to take every cent that man has to send a message to other executives willing to gamble with so many other people's future. Consider it a deterrent. Sort of like capital punishment.

When you break this down this man and the other executives at his company just stole money from you, me and everybody else that's filled out a W-4. It's long past time that we went a little medieval on their asses.