Five AIG Execs Start a Revolt, Threaten to Quit Over Pay Cuts
December 7, 2009
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8 Responses to “Five AIG Execs Start a Revolt, Threaten to Quit Over Pay Cuts”
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Let them quit. I am sure there are others who can do their work. They are bluffing and I sure hope no one falls for it.
[...] (ChattahBox)—Last month Robert Benmosche, chief executive of insurance giant AIG, threatened to take his millions and go home, because he was angered over the government imposed compensation limits and curbs on bonus payments. …Read Original Story: Five AIG Execs Start a Revolt, Threaten to Quit Over Pay Cuts – ChattahBo… [...]
Here’s my response, as one of the people who paid for the AIG bailout, and thus, the employer of the “executives” threatening to quit: “Don’t let the door hit you in the ass on the way out, you greedy bastards.” Oh, and “Die in a fire, too.”
Greedy for trying to protect what was promised them years ago in guaranteed contracts? If you read the article, you will notice that only one of the five executives threatening to resign, William Dooley, is from the financial-services division and therefore had anything to do with the credit default swaps that brought down the company. The rest are simple administrators who have been working 70 hour weeks for the past two years and now are being told they will no longer be paid what they were promised.
It’s greedy when the rules have changed thanks to your company. If another divsion lost money and forced an entire company to shut down (which has happened before) then all bets are off. This is almost the same thing. Others had to take a pay cut. Leader’s lead by example. Everyone harps on contracts. Contracts are only good if the enitiy it covers still exists. In this case it doesn’t, It has been nationalized. So the rules have changed. Deal with it.
[...] (ChattahBox)—Last month Robert Benmosche, chief executive of insurance giant AIG, threatened to take his millions and go home, because he was angered over the government imposed compensation limits and curbs on bonus payments. …Read Original Story: Five AIG Execs Start a Revolt, Threaten to Quit Over Pay Cuts – ChattahBo… [...]
GOOD RIDDENCE TO BAD RUBBISH! you all brought the company down, and now its time for you to go… SEE YA!!
If you can’t live on the outrageous income you’re making already, you’re pretty much a failure at not only you’re own finances but your job as well.
For each one of YOU, there are probably 50 that could do your jobs, and for a fraction of what you make…
Give us all a nice Christmas this year… be gone with you, before someone drops a house on YOU TOO!!!
J.
Doing the right thing appears to be a lost concept at AIG, as does putting the greater good ahead of self.