My own little Stewartesque rant

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.

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5 Comments

Filed under News, Rants

5 responses to “My own little Stewartesque rant

  1. Jax

    AIG = Allowing Irreversible Greed.

    This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? They cry yet get paid millions on the “average joes” taxes. Furthermore, I fear this is just the tip of the iceberg. Look what Enterprise rent-a-car did to get bailout funds:

    http://www.butasforme.com/2009/02/25/alert-enterprise-rent-a-car-may-have-fired-employees-as-fake-evidence-when-lobbing-for-bailout-money/

  2. Anon

    The whole uproar about AIG is just a cover to draw your attention away from the BILLIONS, as in approx. 162 BILLION we sent to foreign banks.
    Check it out. Socialism here we come.
    Tass is just around the corner……

  3. Yeah, I agree that AIG sending all that bailout money to the banks that helped create the mess sucks as well, and the bonus issue has distracted attention from that. Still, the bonuses are no less disgusting.

    And I love how AIG executives’ contracts are untouchable while autoworkers are asked to sacrifice if they want their companies to get a bailout.

  4. Anon

    Well, yeah, I guess you could say it “sucks”.
    As in it “sucks” to have cancer or it “sucks” to have both legs amputated.
    We’re not talking about AIG, were talking about BILLIONS to banks in the U.K., France, Germany and Switzerland. This is serious shit.

  5. Sucks, blows, is a clusterfuck, whatever. This post was about the bonuses which are certainly small potatoes in the grand scheme of things but still repulsive nonetheless.

    I can’t speak for both of us but I’m pretty sure *I* was indeed talking about AIG. I even made it one of the tags for this post.

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