AIG, A Shining Example of Superior Sales Skills (Really, these guys are good!)
I remain shocked as to the extent of the outrage over the recent audacity of AIG, and awarding over 150,000,000 in employee “retention bonuses” in the very division that drove the catastrophic need for AIG’s very bail-out.
Who would you rather hire as a salesperson, if given the option? The executives at AIG who negotiated these terms, or any of the clowns from the Treasury Department including Timothy Geitner???
In the winning category of “you just can’t make this garbage up”, our US Treasury Secretary Timothy Geithner states that they had to honor the previously agreed upon bonus arrangement to avoid the exposure to potential future lawsuits. While I understand his concern, I just can’t follow the logic.
If AIG should have been allowed to go under, which (THEY SHOULD BE A DEAD DOG NOW!!!), then most certainly the bonuses would not have been awarded. Why-BECAUSE THERE WOULD HAVE BEEN NO MONEY TO PAY THE BONUSES.
I’m trying to remember how many last minute bonuses was paid out at Enron, or WorldCom? However, since billions have been handed over to AIG, by you and me, then we most certainly should reward the very people whose arrogance, greeed, and absolute lack of oversight led us down this path.
In my community, we are closing schools due to lack of funding. There is inadequate funding across the board, for public works, infrastructure, and education. Teachers are being cut back, and everyone is being challenged for sacrifice to make it though these times.
Yet, in these times, AIG sold the government for the “Need” for these bonuses. – Isn’t this the same company that held a multi-million dollar spa retreat for “top performers” AFTER their first round of bailout money? Some say arrogant, some say pompous, disconnected, and just plain evil….I have a different perspective….these guys are good!
Let’s follow the tactics and strategy. It’s really all about negotiation skills and ultimately salesmanship. Can anyone guess who was one of the top donors to Congressman Chris Dodd (Democrat)-, who just happens to oversee the Committee ruling on these terms.
Well, look, it’s AIG? In a very surprising revelation, it looks like AIG’s top two candidate recipients in 2008, were Obama, and then Dodd? (That seems surprising, doesn’t it?) In a candid appearance this week, Mr. Dodd pointedly (and with indignant outrage), denounced the compensation package, and wondered how in the world this could have happened???
The very next day, Mr. Dodd admitted (to the very same reporter), that he was actually the one who approved the payouts. He admits he made a “little mistake” in not remembering correctly. Are you kidding me!!!……Democrat or Republican, the incestuous nature of these clowns should sicken us all. Mr. Dodd then decided to throw the Obama administration under the proverbial bus, by stating that it was the Treasury Department that had required that the approvals for the bonuses be included.
This leadership is inspiring. Is this the same Treasury Department that arbitrarily decided to let Lehman Brothers fail, but came to the rescue of the great partners from AIG? I wonder if campaign contributions, or perhaps Paulson’s old buddies from Goldman Sach’s had anything to do with that decision?
No, it is about salesmanship. AIG understands their customers buying and “decision making” process. Follow the money! They also adapt and stay flexible to the changing times and opportunities. AIG has been generous to Republicans and Democrats alike over the years, but they somehow seem very adept at shifting their bets in favor of the winning horses. While it may be arrogant, and unbelievably despicable to most Americans, one thing is clear.
If you need to get things done, who would you hire? A multi-millionaire executive from a failed AIG investment group, or Timothy Geithner?
Just something to think about…
Who would you rather hire as a salesperson, if given the option? The executives at AIG who negotiated these terms, or any of the clowns from the Treasury Department including Timothy Geitner???
In the winning category of “you just can’t make this garbage up”, our US Treasury Secretary Timothy Geithner states that they had to honor the previously agreed upon bonus arrangement to avoid the exposure to potential future lawsuits. While I understand his concern, I just can’t follow the logic.
If AIG should have been allowed to go under, which (THEY SHOULD BE A DEAD DOG NOW!!!), then most certainly the bonuses would not have been awarded. Why-BECAUSE THERE WOULD HAVE BEEN NO MONEY TO PAY THE BONUSES.
I’m trying to remember how many last minute bonuses was paid out at Enron, or WorldCom? However, since billions have been handed over to AIG, by you and me, then we most certainly should reward the very people whose arrogance, greeed, and absolute lack of oversight led us down this path.
In my community, we are closing schools due to lack of funding. There is inadequate funding across the board, for public works, infrastructure, and education. Teachers are being cut back, and everyone is being challenged for sacrifice to make it though these times.
Yet, in these times, AIG sold the government for the “Need” for these bonuses. – Isn’t this the same company that held a multi-million dollar spa retreat for “top performers” AFTER their first round of bailout money? Some say arrogant, some say pompous, disconnected, and just plain evil….I have a different perspective….these guys are good!
Let’s follow the tactics and strategy. It’s really all about negotiation skills and ultimately salesmanship. Can anyone guess who was one of the top donors to Congressman Chris Dodd (Democrat)-, who just happens to oversee the Committee ruling on these terms.
Well, look, it’s AIG? In a very surprising revelation, it looks like AIG’s top two candidate recipients in 2008, were Obama, and then Dodd? (That seems surprising, doesn’t it?) In a candid appearance this week, Mr. Dodd pointedly (and with indignant outrage), denounced the compensation package, and wondered how in the world this could have happened???
The very next day, Mr. Dodd admitted (to the very same reporter), that he was actually the one who approved the payouts. He admits he made a “little mistake” in not remembering correctly. Are you kidding me!!!……Democrat or Republican, the incestuous nature of these clowns should sicken us all. Mr. Dodd then decided to throw the Obama administration under the proverbial bus, by stating that it was the Treasury Department that had required that the approvals for the bonuses be included.
This leadership is inspiring. Is this the same Treasury Department that arbitrarily decided to let Lehman Brothers fail, but came to the rescue of the great partners from AIG? I wonder if campaign contributions, or perhaps Paulson’s old buddies from Goldman Sach’s had anything to do with that decision?
No, it is about salesmanship. AIG understands their customers buying and “decision making” process. Follow the money! They also adapt and stay flexible to the changing times and opportunities. AIG has been generous to Republicans and Democrats alike over the years, but they somehow seem very adept at shifting their bets in favor of the winning horses. While it may be arrogant, and unbelievably despicable to most Americans, one thing is clear.
If you need to get things done, who would you hire? A multi-millionaire executive from a failed AIG investment group, or Timothy Geithner?
Just something to think about…
posted by Curt at 6:30 PM
0 Comments:
Post a Comment
<< Home