Okay, so I watch too many liberal political talk shows, I'll admit it. Keith Olberman and Rachael Maddow make regular appearances on my DVR. I tried a few times to watch Glenn Beck - couldn't do it. The guy's a douche. Same with Hannity and O'Reilly.
Anyway, I've been following this whole AIG bonus fiasco with great outrage. Colby and all the other management, including those at the highest level, will not receive bonuses this year at his company. Does that mean that his employer doesn't value him as an employee?? Well, it at least means their bottom line is more important than making sure management gets a bonus (even though in Colby's case, management actually earned and deserves the bonuses). This all makes sense to me: cut expenses to fix your bottom line. I really, really want that bonus money, but I certainly wouldn't want it if I knew taking it would impact negatively on the company. The folks at AIG obviously see it differently. If these folks really are the "best and brightest" wouldn't they refuse to accept these retention bonuses knowing that their company is in dire straits? Isn't preserving the viability of the company more important than your vacation home? Of course, the mess at AIG goes far beyond bonuses, but it just highlights the extent of greed and unregulated capitalism. You don't get bonuses when your actions directly lead to the downturn of a mighty economy. The "best and brightest" at AIG wouldn't even make it to week three of Survivor.
I've found lately that my blogs are getting a lot more political and somewhat negative. I promise to devote more time to my rowdy kids in the coming days.
1 comment:
I don't think I'd call this post negative....just spot-on accurate. The AIG situation is symptomatic of the problems in modern capitalism. And we ignore them at our own peril.
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