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Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

08 October 2008

Shame

This morning, Carrie blogged about the rotters over at AIG who, a few days after their storied bailout, were living it up at a pricey California resort and spa. They spent over $440,000, which is an insane amount of money to us normal folk. Not to them, apparently. Anyone else who thinks these asschapeaus should be made to pay restitution, raise your hand.

Thank you, Mr. Obama. You, at least, get it.

Problem is, those AIG executives don't. Read the article above; they think they did nothing wrong. And that, in a nutshell, is why Wall Street has tanked: too few of the executive types of these failed companies have any sense of shame.

Time was when a person felt shame at doing a poor job at work. Now? Here, have a $50 million compensation package for running the company into the ground! Worse yet, these executive types expect it. Can we say entitlement?

Shame on you, AIG. And shame on every other entitled, shameless, money-grubbing executive putz who thinks like you.