• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

No, Mr. Benmosche, You Can’t Fly the AIG Corporate Jet

apdst said:
Let's not forget who passed the laws that caused the blow up and who was running the show when the blow up started.
Click to expand...

One could argue that that happened with the anti trust exemption in 1946 for the insurance industry.
 
Lord Tammerlain said:
No a CEO's time is not worthless

Just those that couldnt run their business and instead lead the companies they ran into the ground, needing the government to bail them out

Microsoft can buy an Airbus A380 gold plate everything and not get a response from the government (shareholders on the otherhand)

Or Google for that matter

CEO's should not get perks when they are incompetent, leading a company to bankrupcty is not a sign of competence. Losing billions of dollars is more of a sign of incompetence. The time of the incompent is worthless. Best to keep them on a Greyhound bus so that they cant make many more incompetent decisions which cost their shareholders even more money
Click to expand...

One small fact to consider...Benmosche wasn't CEO of AIG when they got the bailout or when they lost billions. He's only been CEO since last August.
 
But the company is still in hock up to it's armpits.
That jet he's flying?
You paid for it.
(twice)
 
gopman said:
You're right, they're time is worthless. Companies should just operate without CEOs. You go girl!:golfPower to the people!:applaudDown with the Bourgeoisie!:donkeyflaChange we can believe in! :kitty:
Click to expand...

Have you ever wondered why if CEO's are so important and worth those outrageous salaries and perks why is it a company can go months without one? I do.
 
apdst said:
Let's not forget who passed the laws that caused the blow up and who was running the show when the blow up started.
Click to expand...

Yes, let's NOT forget. It was the Gramm-Bliley Act that dismantled the Glass-Steagal protections that triggered the events which eventually resulted in the blow up.

Phil Gramm = Republican

I won't be a political hack and lay this on the Republican party. Bill Clinton signed the bill into law, and Democrats supported it, as well as Republicans.
 
American said:
Too bad you weren't watching CSPAN when Paulson explained why AIG and others had to be saved.
Click to expand...
sure, they needed to be saved....you start by trimming the fat at the top...bye bye corporate jet.
 
You must log in or register to reply here.
Back
Top Bottom