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AIG's Blackmail Note

A manager can be fired but then he'll walk away with probably more than he would've by staying. Got to love the "golden parachute"


On Mar 17 09:11 AM William Cowie wrote:

> Interesting: lots of outrage and not one single manager is getting
> fired.
>
> If Obama is so outraged over this, why doesn't he fire someone? I
> guess politicians are not used to fire people. They just throw them
> under the public opinion bus. The business people are now figuring
> this out: Take a million dollar bonus, endure the heat for a week
> or so, and keep the money. Until a CEO gets fired over ill-advised
> bonuses, expect this all to continue...
>
>

Bush and Obama Work to Restore Confidence

Personally I don't think confidence in the markets can be restored until this crisis shakes out. As long as government keeps on "sticking it's finger into the dike" with these bailouts it's only going to elongate the process. The only solution is to let capitalism work. If the government can help to facilitate mergers and acquisitions of the distressed companies at the root of this problem then let them help in that capacity.