Wednesday, March 25, 2009

Quitting AIG - Debacle

As I predicted, the AIG Bonus witch hunt has led employees to quit. While it is difficult to feel sorry for someone who received a $700K+ bonus, we should. From what we actually know, he worked all year for a promised wage. We have no evidence he was a crook or even lost money for AIG. Nevertheless, he was subjected to threats by the New York Attorney General and protesters went to home.

There are plenty of villains in the financial crisis ( See Chris Dodd); however, we cannot spend all our time blaming everyone else. In the case of AIG, we own it. We need employees to show up for work and to generate profits. If they do not, our investment will be worth zero.

Dear AIG – I Quit

No comments: