AIG: AMERICAN INTERNATIONAL GREED (GROUP) – HIGH RISE CEO PAYOUTS CAUSE A FURORE
It ‘s been a strange week. First we saw Bernie Madoff, a man with a personal fortune of US$823 million, who still wasn’t happy and his wanna-be-a-billionaire complex, led him to defraud $US64.4 billion from investors. This earned Madoff a 150 year prison sentence. Comedian Jon Stuart, described the duration of Madoff’s sentence as a “tortoise pete” moment this week.
Now, there are the reports that AIG (American International Group), who will receive a handout by the US tax-payer to the tune of $175 billion to stay afloat, are giving their CEO’s golden handshake pay-outs to total $170 million. It’s shocked and angered Americans. The $175 billion is the largest ever pay out to a single company by the US government in history.
It’s astounding how AIG CEO’s pleaded poor, got help from the US government, to then pay themselves. There’s no trickle down back into AIG, the business asset, or the economy. Shareholders of AIG and the US public are getting raped by these greedy guys in a case of corporate bullying by a few towards the American majority. It’s just going straight into these Maddoff-esque clowns pockets! Shocking, shocking!
They are doing a “George W.Bush and Dick Cheny,” and after the US entity they managed is screwed, they are cashing out, and raping the golden goose on the way out the door. The CEO’s are crafty though, working the US legal system, which must honor contract law. Legally, they can get away with it. Sickening! Isn’t it crazy how laws are ultimately designed to line the pockets of the greedy, rather than for the safety and well being of all? That’s the enslaving nature of the craftiness of the law that bows to the dollar for the elite, at any cost. These AIG guys prove that greed is shameless!
The issues it raises are: CEO’s think the American public are their slaves to extract money from average joe’s hard earned taxed money. It sends the wrong PR message to the financial leaders of the world, that this counry is viewed by American CEOs as being their personal United Slaves of America (and not United States) with how they acquire their personal wealth. The American public are slaves with their taxes to greedy American Corporate CEOs. Wrong! Try again.
It also is counter to wise leadership through a global recession. US Treasury Secretary, Timothy Geithner has just appealed to global financial leaders to also dig deep from their own countries pockets to stimulate the global economy. The AIG idiots make Geithner and Obama look like chumps with their arrogance! I guess AIG CEO’s will be deflecting to Switzerland with their money… or America’s version of it, a ranch in Texas! <— Okay, that was a bit harsh! :)
When 95% of the top 20 richest people in the world, all encountered huge losses last year, who do these AIGreedy idiots think they are, to think they are above, even world’s top financial leaders of 2009 and pay themselves that much? It’s both a little crazy and sad. But greed is ugly. What are your thoughts? Mine is: Time to send them a pet tortoise each as a wake up call? lol! :)