Wednesday, March 25, 2009

AIG AIG EXEC: What part of BROKE don't you understand?

I can't believe the AIG employee who resigned in the New York Times this morning and is donating his bonus to charity (tax write-off) and quitting in disgust. He was whining about how his bonus was promised to him, and that Ed Liddy had mischaracterized the bonus payments as "distasteful." Guess what Mr. Ex-Exec: Your company is broke. It is kaput. I don't care if it wasn't your fault. Your company has no bonus money to pay. It's not fair to the employees of GM or the airlines either that some idiots have run their company into the ground and they've lost their pensions, their salaries, their health insurance, and their jobs, but that's life for us working folks.

This is what happens when companies fail, and you are really far away from Cruel Reality when you think your circumstances should be any different. This is how the rest of us live honey. I'd look up your name, but you are not of that much consequence, frankly.

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