Helping those who help themselves.. 2nd and 3rd helpings even.mercurtio247October 9 2008, 15:59:07 UTC
"Lawmakers also upbraided Sullivan, who ran the firm from 2005 until June of this year, for urging AIG's board of directors to waive pay guidelines to win a $5 million bonus for 2007 - even as the company lost $5 billion in the 4th quarter of that year. Sullivan countered that he was mainly concerned with helping other senior executives."
--> And this is different from any other day's business decisions how?
Re: Helping those who help themselves.. 2nd and 3rd helpings even.concord000October 9 2008, 19:52:36 UTC
Not a bit, really. And I'm all for fat cats making what they can where they can. But I'm also a big fan of discretion. I know comuppins are unlikely.
I actually decided that a good step towards fixing this is to close the markets for 5 days: take the $700 billion buyout and give it to everyone that has more than $20k in stocks and buy THEM a spa retreat. Get everyone some time and reason to calm the hell down. Hell, at least we'll know where the money went!
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--> And this is different from any other day's business decisions how?
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I actually decided that a good step towards fixing this is to close the markets for 5 days: take the $700 billion buyout and give it to everyone that has more than $20k in stocks and buy THEM a spa retreat. Get everyone some time and reason to calm the hell down. Hell, at least we'll know where the money went!
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