Quote:
Originally Posted by srmom
Of course, that's what they'd say isn't it?? 
The AIG exec partyline is - if these incredible business minds leave at this crucial time, the company will fail (although I'd say they've already failed, they're being propped up by the american taxpayer). All the work they've been doing to unwind the derivatives will unravel and will slow up the process. Investors will jump ship because their trust will be shattered (if they can fix the trust shattered issue then I bet they can walk on water too). etc. etc. |
I mean, of course they'll say that - but is there a compelling interest on the part of the company to pay out bonuses to crappy employees that aren't on the board (or whoever gets to determine who gets what)? The company might be feeding us a line, but like Munch said, there are people available - you have to really feel like it's Good Ol' Boys here to think that they wouldn't jump to get the same (or better!) people at lower cost in this kind of market if it were actually a net positive.
I mean, there's gross incompetence, then there's just a lack of common sense, and I'm not willing to assign them both, because their failings appear to be built on greed rather than stupidity.