Cart (0)
business newsIn Defense of (Some) Bonuses
Don't let AIG give incentives a bad name.
PRINT
 |
|
For many, these are the words that spring to mind when considering some of America’s top CEOs. Popular anger towards AIG (AIG) is running so high that Barney Frank, chairman of the House Financial Services Committee, was forced to institute a “no heckling” rule at today's hearing with AIG chief Edward M. Liddy. If necessary, Frank said, he would have people arrested.
Liddy isn’t the only exec feeling the heat of populist rage.
"It's a mob effect," one senior AIG executive said. "It's putting people's lives in danger."
We all know that it’s lonely at the top. But now more than ever, it also seems wickedly dangerous. And with the company continuing to lay off workers, no one’s anger is greater than that of AIG's lower-tier employees.
On a message board on CBS’ WINK news in Fort Myers, Florida, one angry soul writes: “All AIG employees should form a coalition. A mandate to management: Behave, stop partridge hunting, we will all walk out. Then stick to it.”
So listen up, AIG honchos: Now would be a particularly good time for you to peruse a new study from North Carolina State University, which shows that being a nice guy is -- shockingly enough -- good for business.
But before we go into that, let's take a second to review Karate Breathing Meditation. It’s simple: Take a deep, cleansing breath, expanding your belly and keeping your shoulders relaxed, and hold it in for the count of six. Exhale, and repeat twice more.
Better? Good. Let's proceed.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
