Wednesday, March 25, 2009

AIG Resignation letter

How to crawfish on the American worker executive... New York Times
I know I'm gonna catch hell on this one...the Times stopped taking comments after 897...and there are some good ones, both ways

Please read the entire letter before passing judgement.

An excerpt:

'I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the company and have conspicuously escaped the public outrage.

Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.

As most of us have done nothing wrong, guilt is not a motivation to surrender our earnings. We have worked 12 long months under these contracts and now deserve to be paid as promised. None of us should be cheated of our payments any more than a plumber should be cheated after he has fixed the pipes but a careless electrician causes a fire that burns down the house.'

A comment on the article that was noteworthy: "If your company accepts tens of billions of dollars from taxpayers, consider your bonus renegotiated."
— Rolf, New York

I believe one should keep one's commitments; good or bad, right or wrong! Psalms 15:4 That's what the bailout did, allow AIG to keep its commitments, even overseas.

Does it make you wonder why those in AIG who were responsible have escaped prosecution and outrage? It's called paying off elected officials. Now that Congress wants to allow the Treasury to seize any business, watch American executives walk off the job and leave the government to operate it.

The government giveth, the
government taketh away.
Blowme be the name
of the US government!



Unassasinated as of yet,

Denney Crane

No comments: