From a story on CNN today about AIG giving out a fresh round of bonuses and the outrage it’s causing:
[AIG Chairman and CEO Edward Liddy said] he took steps to limit his employees’ compensation with trepidation. He said the company will have trouble attracting and retaining “the best and the brightest … if employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury.”
The very next line is just beautiful:
AIG lost a record $62 billion in the fourth quarter of 2008.
So exactly what the fuck makes you think that your company has “the best and the brightest” people if you just recorded the largest quarterly loss in US history? That’s an insult to bright people everywhere. And damn, I’d hate to see how much money a bunch of random dumbasses would lose.
Speaking of random dumbasses, the company I work for is not staffed with financial geniuses by any means. And guess what? We still turn a profit. AND we haven’t received $170,000,000,000 in bailout funds. In fact, we haven’t received any bailout funds.
I was about to say something rude like: “Who’s the genius now, fucker?” but then I remembered you “losers” (as Rick Santelli would say) are the ones who just got $165,000,000 in bonuses. Touché, douchebags, touché.