I just read the resignation letter from Jake Desantis an executive of AIG. This is worth reading and its the OTHER HALF of the story I've been waiting to hear.
Do I feel outrage at a company who took federal funds in a bailout, for giving out huge bonuses? Well, maybe, that is if that's the whole story, with no explanation. As someone who works on commission and bonuses I feel like there needs to be some explanation given. Yes, there are companies, banks mainly, who spent a bunch of bailout money on "Golden parachutes" and bathroom remodels and all which yes are egregious. Didn't airlines do that too a few years ago? Hmm... The reality is that some of these people were from profitable parts of the business, and some were (like Mr. Desantis) working for $1 for the year and these bonuses were the way they were paid to stay on and try to make AIG profitable in every area again. Anyone with business savvy knows that to get the best minds you need to pay! Think sports, do the best coaches get paid big money? Of course they do. If you have a sinking ship and you want to fix it, you may pay someone through a deferred payment plan. When these payments are called "Bonuses" they sound far, far worse than if they were called "salaries" right? Congress knew about these "bonus" checks and even made sure that AIG was assured to get them, so these "great minds" would stick around. (Think Senator Dodd especially)
Now that its politically unpopular to support the bonuses the cockroaches are scattering. Or are they "rats" fleeing the light? Hmmm...
Read the letter to the end. And ask what would you do if you were in HIS position. Its verrry enlightening!
Resignation Letter
P.S. and don't get me started on how disgusting and down right SCARY it is that Attorneys General would abuse THEIR power to shame these people, again with no explanation of the real details. They have put these people's families' safety in jeopardy! That's wrong, wrong, wrong! They should be ashamed and removed from their office. They are dangerous people!
read this article detailing the chilling letters recieved by THE CONNECTICUT ATTORNEY GENERAL'S OFFICE RICHARD BLUMENTHAL and he still wants to "out" these people even with the death threats already published! What a scumbag! Impeach Blumenthal!
Death threat letters
Want more scary stuff? Consider what's happening in France. France is not Colombia right? France is a "civilized" 1st world country right? Read here about BOSSNAPPINGS. And "No" this has nothing to do with your manager sleeping habits. In France when the unions are unhappy with a boss, they kidnap them until their demands are met. WHAT?!?!?! And the freakin' unions get away with it! Is this what we want to become? We are NOT FRANCE!!! I hope we never become France! France is a country held hostage by the unions and the workers. I am not suggesting that countries shouldn't take care of their citizens or workers, but they should not have labor laws that make it nearly impossible to fire someone no matter how bad their performance may be, or allows BOSSNAPPINGS!!! Please support THE TRUTH!!! Demand the truth!!! We need someone who will say and do what's unpopular because it is right!
GOD BLESS AMERICA!!! MAY WE STILL RECOGNIZE HER TOMORROW!!!
1 comment:
What I didn't mention was that shortly after the AIG bonus fiasco. Fanny Mae and Freddy Mac paid similar bonuses to their people which is also a failing business, who took bailout money, with little if any public outcry! Why?
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