Quote:
Originally Posted by lookout123
Actually one subsidiary of the large organization that is AIG was in trouble. most other divisions have really only been hurt because of the uninformed masses believing the evening news causing stock prices to plummet and hurting sales across the board in all AIG product lines.
But, back to the point. You think that because the taxpayer owns about 80% of AIG the prudent course of action would be to cancel out on the contractual agreements in place? Let's follow that reasoning. If I'm an employee and I have fulfilled my end of the bargain and the company doesn't pay me as agreed, why exactly would I stay on board? If I leave because the company defaulted on a contract they agreed to, what quality of individual do you think would step up to fill that position? What happens when good employees jump ship in large numbers?
So as an investor I'd like you to answer those questions. Actually it would be easier if you just answered one question. If you are a major investor in a company do you think it is better A) follow policies likely to bring about a successful future for the company, or B) hinder whatever chance at future profitability the company has because you are pissed at the past actions of a limited number of people?
I think I may understand a little better you aversion to successful and wealthy people. You don't understand the basic concepts that allowed them to achieve their successes so you apparently think it is better just to drop them to your level. Nice.
|
Jesus christ! You can't honestly be on the side of these people, can you? #1, if you helped cause the downfall of the company, why should I care if you leave? #2, if you helped cause the meltdown of the entire global economic system, why exactly do you deserve bonus, no matter what your contract says? #3, do you even know how many
former Wall Street execs are looking for work right now? It's unlikely that those people would leave, and if they did, so what? There are hundreds waiting to take their place!
Now, to answer your questions, A) I must have a much different definition of success than you do, and B) explain to me exactly why it is so important to keep people who were part of the problem in the first place?
For your last remarks, pffftttt. I have been debating people like you for the past two years, saying we were in a recession, and they
all said I was stupid and didn't understand basic economics. Who's laughing now? I proved them wrong. People always underestimate my intelligence, and somehow, I usually end up on top. If you are a
financial advisor or someone else in that racket, then I'll take my common sense over your M-B-A anyday.