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"I suggest, you know, obviously, maybe they ought to be removed," Grassley said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide.
I really wish Grassley hadn't backed away from these comments. They're brilliant:
Senator suggests AIG execs should kill themselves
"I suggest, you know, obviously, maybe they ought to be removed," Grassley said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide.
I'm not certain if this would be workable, but I'm thinking the government should withdraw all funding, force these companies into bankruptcy (reorganization), which would allow them to void these contracts, and then offer the help under set conditions.
I can't see how the average American is going to swallow paying their taxes toward these idiot's excessive salaries, when they are the cause of the problem in the first place. I understand that letting AIG go under probably isn't the road we want to take. However, this is ridiculous.
God, Grassley is such a mess. Why would he even say something like this?
God, Grassley is such a mess. Why would he even say something like this?
Because it is true?
Because there is something rotten in the state of Denmark?
Because corporate America has no pride, no ethics, no values, no morality at all except for their greedy fat piggy fingers clutching for a dollah, dollah, dollah?
Because really, if a corporate executive runs a company into the ground, costing everyone else billions, and ruining the lives of thousands of employees, the least he/she could do is feel enough shame to take the honorable way out?
Because shame is a truly underrated concept in modern America?
Pick one or all of the above.
I heard this morning that they weren't performance bonuses but retention bonuses. In other words, so the AIG employees wouldn't leave while the company was being cleaned up.Publish the names of those who get and keep the bonuses and publish their past performance evaluations.
If they really did a good job..........................
God, Grassley is such a mess. Why would he even say something like this?
Because it is true?
Because there is something rotten in the state of Denmark?
Because corporate America has no pride, no ethics, no values, no morality at all except for their greedy fat piggy fingers clutching for a dollah, dollah, dollah?
Because really, if a corporate executive runs a company into the ground, costing everyone else billions, and ruining the lives of thousands of employees, the least he/she could do is feel enough shame to take the honorable way out?
Because shame is a truly underrated concept in modern America?
Pick one or all of the above.
Because what is true? In Grassley's opinion someone should go kill themselves over mistakes that were made.... Ok
It's like a scene out of Elizabethtown.
God I love that movie. Although, it was a dark comedy, not something a sitting senator should suggest.
Because what is true? In Grassley's opinion someone should go kill themselves over mistakes that were made.... Ok
It's like a scene out of Elizabethtown.
God I love that movie. Although, it was a dark comedy, not something a sitting senator should suggest.
If it's good enough for the Japanese, it's good enough for us.
In fact, American executives could learn a thing or two from some of their counterparts abroad. Just look at Haruka Nishimatsu, CEO of Japan Airlines Corp for example (OTC ADR: JALSY).
Each morning, Nishimatsu gets down to business immediately after his morning commute to the office on a city bus.
His desk like those of all the other Japan Airlines employees sits in the middle of an open office. I know this from personal experience, having sat at a desk just like that when Ive worked in Japan over the years. He eats lunch in the company cafeteria and hopes like all Japanese employees that hell have time to eat his meal before it gets cold as he stands in line waiting to pay, says CNNs Kyung Lah.
This hardly sounds like the life of a corporate CEO, especially when you consider that JAL is one of the worlds top airlines. Nor does the fact that when JAL cut back and asked many of its employees to take early retirement, Nishimatsu first eliminated every one of his own corporate perks, including his own pay which, at a mere $90,000 (U.S.), is below what JALs pilots get paid.
Nishimatsu noted in the CNN interview that many of the affected employees were about his age, 60, so he thought he should share the pain with them.
I heard this morning that they weren't performance bonuses but retention bonuses. In other words, so the AIG employees wouldn't leave while the company was being cleaned up.Publish the names of those who get and keep the bonuses and publish their past performance evaluations.
If they really did a good job..........................
Here is a good article about executive level pay in the U.S. versus Japan:
U.S. CEOs Could Learn From Their Asian Counterparts
In fact, American executives could learn a thing or two from some of their counterparts abroad. Just look at Haruka Nishimatsu, CEO of Japan Airlines Corp for example (OTC ADR: JALSY).
Each morning, Nishimatsu gets down to business immediately after his morning commute to the office on a city bus.
His desk like those of all the other Japan Airlines employees sits in the middle of an open office. I know this from personal experience, having sat at a desk just like that when Ive worked in Japan over the years. He eats lunch in the company cafeteria and hopes like all Japanese employees that hell have time to eat his meal before it gets cold as he stands in line waiting to pay, says CNNs Kyung Lah.
This hardly sounds like the life of a corporate CEO, especially when you consider that JAL is one of the worlds top airlines. Nor does the fact that when JAL cut back and asked many of its employees to take early retirement, Nishimatsu first eliminated every one of his own corporate perks, including his own pay which, at a mere $90,000 (U.S.), is below what JALs pilots get paid.
Nishimatsu noted in the CNN interview that many of the affected employees were about his age, 60, so he thought he should share the pain with them.
America's corporate system is out of whack, and it's time for it to get back into some kind of sustainable balance.
I really wish Grassley hadn't backed away from these comments. They're brilliant:
Senator suggests AIG execs should kill themselves
"I suggest, you know, obviously, maybe they ought to be removed," Grassley said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide.
Good for him.
I'd be for helping them if they cannot bring themsevles to do the honorable thing, too.
