Hari Kari, Acceptable Business Strategy?
Don't Worry, I'm Too Big to Fail
Senator Charles Grassley (R-Iowa) suggested recently that any executives accepting government bailout money for bonuses, as just occurred at AIG this week, should either “resign or go commit suicide.” Why anyone would commit suicide after shamelessly accepting millions of dollars in taxpayer money in exchange for wastefully and rampantly driving their company into the dirt is beyond me. This type of person is obviously completely devoid of any sense of shame or honor, two relatively important prerequisites for anyone with the balls to commit ritual suicide.
Again, the American taxpayers seem to be getting exactly what they deserve for again throwing good taxpayer dollars into the money pit of corporate banking and insurance, the equivalent of trying to fill holes in a dyke built out of tissue paper. The corruption of these institutions appears to be only slightly less transparent than that of the politicians that have done the majority of the shoveling, and it is somewhat galling to listen to a pot (Grassley, et al) calling a kettle (AIG, et al) black.
Oh Schatz, you’ve struck the nail most cleanly on its head. Supposing one retains the stomach for further galling, listen to what that dimwit swine Barney Frank has to say about the AIG bailouts. I haven’t been so simultaneously amused and nauseated since college.
Don Lando
March 16, 2009 at 8:53 pm
Cheers. This is fantastic post.
Why is tragedy so entertaining? I feel like we are passengers in a train wreck who are also watching the carnage on TV. If we could only muster the strength to unplug the distraction we might manage to survive the chaos that surrounds us.
pslarkin
March 17, 2009 at 6:18 am
I plan on surviving, but I don’t know how many others will survive my survival.
Mein Schatz
March 17, 2009 at 4:14 pm
[...] editorial on “fixing the economy” and my own recent post on the positive effect of mass executive suicide at AIG, today I noticed a supposed “victory” against the evil AIG executives. Congress’ [...]
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