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Seems a little insensitive on the part of the AIG guys, but they are going to pay the loan back. Unfortunately the Honorable Henry A. Waxman is my representative and I can attest to the fact that he is a jackass of the first order.
I think we shoud demand the money back. What happens if they CAN'T pay this loan back????? I am SO ANGRY!
we are all hard at work paying our taxes so these bumbs can have a good time with our money. Why do we need committees to determine that these executives are just no good!
You know what? They are so far removed from middle class Americans, they probably don't even know they have done anything wrong. Their collective conscience passed away years ago. Now I understand Obama and his pals better.
"The deal gave the government an 80 percent stake in AIG, the right to remove senior management and to veto payment of dividends to shareholders as ways to protect taxpayers. "
Okay, so let's see the government fire every last SOB at that "retreat". AND pay back every last penny they spent.
Hey, running a company into the ground can be very stressful. Manicures and rubdowns all around for these poor stressed out executives.
THE MOST IMPORTANT LETTER ALL CEO’s SHOULD RECEIVE
A NEEDED FIX IN ALL BOARD ROOMS
Isn't it time the system went in for some much needed repair?
Due diligence and oversight long ago slid out the window. No one was watching.
Time to do something about it.
Here's a huge one they all missed.... The dramatic change that swept through all of North America's boardrooms over the past 30 years. It is one of the underlying causes of the headache the economy is now feeling, but more importantly, it has resulted in the general feeling of "disconnect" by most Americans.
"WE THE SHAREHOLDERS OF YOUR COMPANIES......
http://pacificgatepost.blogspot.com/2008/03/letter-to-ceos-of-fortune-1000-cos.html
It is funny that Congress would be beating up business leaders because the business leaders created their own pork for themselves and their friends. After these hearings, could we have a hearing where business leaders bring congress forward to explain their pork.
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