I think it’s a good thing that our government is seeking to halt them, us owning 80 percent of the company and all, but, um, why would a company on the dole be handing out 165 million in bonuses to the people that put them on the dole? Maybe I don’t understand. *Shrug*
It is a widespread corporate culture. As Liddy put it they want to retain “the best and the brightest.” Problem is in my world the best and brightest don’t ruin companies and send them begging the government for billions in bailout money. Many business execs and certainly everyone at AIG have lost touch with reality. They lay off thousands and then expect a huge bonus. Maybe they feel deserving because AIG only lost $62 billion last quarter instead of $180 billion. Who knows what is going through their arrogant heads. One thing I do know, entitlement isn’t just for senior executives. It is fast becoming the norm. How many people out there are expecting Obama to give them something?
I didn’t think the best and the brightest turned companies into government ownerships either, which was why I could not understand how a company that is in such bad shape could possibly be handing out cash awards to the people who put it in that bad shape in the first place.
Sad, ain’t it?
Yes it is.