tag:blogger.com,1999:blog-24005214.post8934018505040128098..comments2023-10-19T12:25:15.143+01:00Comments on The Osterley Times: A.I.G. Planning Huge Bonuses After $170 Billion BailoutKelhttp://www.blogger.com/profile/14466059072530968330noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-24005214.post-2787031137316066082009-03-16T15:18:00.000+00:002009-03-16T15:18:00.000+00:00It worked in good times, but in time of crisis man...<I>It worked in good times, but in time of crisis managers are trying just to take as much as possible and run. </I><BR/><BR/>That's true, Lorne. And it says something about the confidence they have in the long term future of the business if that is their attitude.Kelhttps://www.blogger.com/profile/14466059072530968330noreply@blogger.comtag:blogger.com,1999:blog-24005214.post-13172199855316048492009-03-16T12:07:00.000+00:002009-03-16T12:07:00.000+00:00The problem is, management had great power and cre...The problem is, management had great power and created legal tools for such bonuses. If you blockade these bonuses, they can sue the company and get even more. But I (want to) believe these time will start revolution in management-owners relationship structure. It worked in good times, but in time of crisis managers are trying just to take as much as possible and run. And it's not only about the money - these people are systematically destroying reputation of AIG, which is (ehm, was...) worth billions and can't be restored sooner than in some decades.<BR/>Luckily, as a <A HREF="http://lsminsurance.ca/brokers" REL="nofollow">Toronto life insurance broker</A> I don't have to explain it to my clients, because Canadian branch of AIG was sold. But I think my US colleagues have bad times...<BR/>Take care<BR/>LorneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-24005214.post-82866716189674578422009-03-15T21:37:00.000+00:002009-03-15T21:37:00.000+00:00SP, I am with you on this, we should simply nation...SP, I am with you on this, we should simply nationalise them, as this present halfway house - where they reward themselves as private enterprises with public funding - is simply obscene.<BR/><BR/>Pro, It is sick. And thanks for the link to the Enterprise story, I was unaware of that.Kelhttps://www.blogger.com/profile/14466059072530968330noreply@blogger.comtag:blogger.com,1999:blog-24005214.post-1818376946101096142009-03-15T16:37:00.000+00:002009-03-15T16:37:00.000+00:00Don't expect the whole system and human nature to ...Don't expect the whole system and human nature to just change out of good will. The answers were simple:<BR/>Let them fall.<BR/>Nationalize them.<BR/><BR/>Either one of those would be far superior than just throwing money at them and watching it vanish.Anonymousnoreply@blogger.com