AIG to Geithner: “Go Screw Yourself. We’re Paying the Bonuses.”
Somewhere in the space/time continuum, the cake-rotted teeth in Marie Antoinette’s severed skull are smiling…
As I watched CNBC’s Jim Cramer getting drawn and quartered by Jon Stewart this past week, it was quite clear that people like Cramer (and the rest of the money geniuses who operate in a hermetically sealed financial environment) just. don’t. fucking. get. it.
At some point very soon, the pitchfork-and-torches “angry mob” is finally going to get off the couch. And it’s not going to be pretty when it happens:
Despite receiving $170 billion in federal aid and recording a staggering loss for the last quarter, insurance giant American International Group is doling out tens of million of dollars in bonuses this week to senior employees.
…In a phone call on Wednesday, Treasury Secretary Timothy F. Geithner told AIG Chairman and chief executive Edward M. Liddy that the payments were unacceptable and needed to be renegotiated, according to an administration source.
The company has since agreed to change the terms of some of these payments. But in a letter to Geithner, Liddy wrote that the bonuses could not be cancelled altogether because the firm would risk a lawsuit for breaching employment contracts. Liddy also expressed concerns about whether changing the bonuses would lead to an exodus of talented employees who are needed to turn the company around…
They truly don’t get it. They just don’t get it. And I don’t think they care.
Sometimes I wonder if they do get it but just dont care .
We the sheeple have become complacent and lazy. If they felt threatened they would NOT do these things but they have the money, the government and the media in their pockets so why worry abut us?
No they won’t. Go back to your angry blogging peon.
amazing how those employee contracts are sacrosanct but the contracts the state of alabama has with residents guaranteeing their prepaid college tuitions can just be thrown out because they unilaterally decide to.