Hari Kari, Acceptable Business Strategy?
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.