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Wednesday, July 02, 2008

Failed AIG CEO receives $47 million for his troubles

Poor fellow. I hope that he will be OK though he does have the advantage of having an office and secretary until the end of the year. This is a new era, where record losses are ignored and multi-million dollar golden hand shakes are given along with a nice peck on the cheek. Let's be honest, corporate America would do this for any employee, especially after years of being treated so well with no luxury too much. Just because he was paid massive amounts based on bad business and now is being paid yet again despite the company writing down billions doesn't mean he didn't deserve it. Hey, he had a contract! Legal wasn't able to find any of those famous loopholes despite AIG losing billions upon billions.

What's that? Your company won't even pay for all of your family health insurance after working there for 10 years? Well, you people are always so greedy and just ask for too much. Shouldn't you be working now anyway?

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