tag:blogger.com,1999:blog-8049802.post3501565286562610811..comments2024-03-22T10:52:36.273-07:00Comments on snarkolepsy: At least that worked out well.she said:http://www.blogger.com/profile/15003430767746896739noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8049802.post-47135743873549499032008-11-19T08:44:00.000-08:002008-11-19T08:44:00.000-08:00I keep reading that AIG needs to pay big bucks to ...I keep reading that AIG needs to pay big bucks to retain people. Considering their performance, I can't help thinking they'd be better off picking replacement folks using qualifications like astrological sign or birth place zip code.<BR/><BR/><I>All</I> these folks are in an echo chamber, surrounded by others who are plunging buckets into what Vonnegut called "the money river," or else struggling to get to that point.<BR/><BR/>If you're so hot on being "incentivized," then surely you won't mind clawbacks that can go after you for bonuses three, four, five years out.<BR/><BR/>Shareholder democracy is an oxymoron, like military music. Look what it took to shove Nardelli out of Home Depot. I'm surprised they didn't give him his own armored car for the $210 million severance package.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8049802.post-17707180553592736002008-11-15T12:49:00.000-08:002008-11-15T12:49:00.000-08:00Keyser (who, as you know, shares your disapprobati...Keyser (who, as you know, shares your disapprobation of management getting paid astronomical "bonuses" when the companies they run run aground) images that it's because the people who decide that these people are indispensable for the management of companies and need to be paid "accordingly" are--none other than these people themselves!<BR/><BR/>Until shareholders baulk at this sort of nonsense, it will be just go on. After all, who benefits from these managerial decisions more than the mangers themselves who make them?Keyser Sözehttps://www.blogger.com/profile/07422083960323480070noreply@blogger.com