Wednesday, March 18, 2009

I love this (and by "love" I mean "can't f-ing believe"):

We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury.

— Edward Liddy, chief executive, American International Group

1) Last time I checked, docking bonuses for bringing down THE ENTIRE ECONOMY was not considered an "arbitrary adjustment." It's a very rational adjustment.

2) As others have said, these are the best and the brightest? Clearly not, what with the whole BRINGING DOWN THE ENTIRE ECONOMY thing.

3) I think I know a finance guy who is in need of a job. His name is EVERYONE WHO USED TO WORK AT BEAR STEARNS. Let me see if I have his number around here...

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