Wednesday, October 8, 2008

AIG Executives Party it up Post-Bailout

Posted by TraderMark at 9:30 AM TweetThis

We truly need a change in culture - sickening

Based on Sarbanes Oxley - some of these actions: telling the public one thing while knowingly knowing otherwise on the financial condition of their firms, are going to lead to perp walks. Not AIG specifically, but across various companies. The last pet peeve is the "I take responsibility" line of baloney. Words are words - empty. Why not give back your salary and benefits for those years if "you take responsibility".


Posted by TraderMark at 9:30 AM Comments (1) | Edit This Post | Create A New Post

1 comments:

jegan said...

Just read the SF Chronicle... Hard to believe that AIG's management had a $440,000 party just days after getting their public handout. Clearly, these people feel they exist on a different plane. They probably needed the spa treatments, to ease the strain of running their company into the ground and lieing about it all the way down. So sad! But as a society, 'spin' seems to be de rigeur... Expect more.

jegan

October 8, 2008 2:19 PM  

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