It’s not capitalism that’s the problem, it’s capitalists.
In all honesty and with as straight a face as I can say it, one of these bastards needs to be publicly hanged and all of them need to have every earthly posession taken and sold on the open market with the proceeds going back to the coffers. Each of these miserable blighters need to be penniless, homeless and altogether desititute until their last days.
In defense of that shout down, good CEOs ARE worth millions of dollars. Take AIG for instance, if they had good executives who made good business decisions, they wouldn’t have lost tens of billions of dollars and needed a government bailout to continue to exist.
So, AIG’s executives aren’t worth a plug nickel, how much are MetLife’s executives worth, if they made the right decisions* and kept the company strong?
*I don’t know if Met Life is in any better shape than AIG, but there has to be some insurance company out there that isn’t ready to go bankrupt.
I wouldn’t make the ex-CEOs homeless and destitute; I’d take away their money and toys and give them a job working as, say, a receptionist. Or a data entry clerk. For regular peon wages. I think that would be a truly fitting punishment for them - to experience life at the bottom of the totem pole, far beneath the notice of the people who make decisions that affect them every day.
And then they will be replaced by another brigade of money grubbing fuck wits. If you have an infestation of weeds in your lawn, mowing the lawn isn’t going to solve it. Rip it out by the roots.
I guess it is permitted to call a troll a troll and Rand Rover is certainly one. Hey Rand Rover want to become a real member here instead of a guest?
I’ll admit I was totally taken aback by his fancy legal vocabulary:
*Are you a lawyer? If so, did you take corporations in school? *
Did I take “corporations”? Hmmm I don’t know. There are a lot of things to study to become proficient in law. I think I signed up for Courts 101 and then progressed to Laws 201, onward to Things That People Sign 301, and successfully moved on to Things You Shouldn’t Do Because They Are Against The Law 401.
Okay as for a punishment for these CEO fuckwits? How about giving them a choice?
They can work at McDonalds or face imprisonment on Devil’s Island.
CNN says AIG went through 62 billion of the 85 billion bailout already. They love to save for a rainy day.
Well. It’s nice to see AIG reinvest that money back into the local economy.
What?
I would give them a job sucking my shit out of a dead owl.
How are you going to get your shit… nvm. I don’t want to know.
That kind of struck me as odd.
Every young attorney I know took Business Associations or Business Organisations (we called it BizAss or BizOrgs). AFAIK this is what the class was called years before I graduated.
If AIG can spend our money so freely, then they can afford to pay it back, with interest, once the economy turns around.
It was Corporations when I failed to avoid taking it. Different schools call it different things.
I do. Their malfeasance hasn’t “merely” ran their company into the ground, and its not like they made the mistake of betting on the wrong horse (like investing heavily in battery technology and then someone discovers a way to make fuel cells for practically nothing) more like they took an old nag, shot it full of steroids and amphetamines, then put it in race after race, only to be surprized at it dropping dead. They did things that even a bumpkin such as myself thought was incredibly stoopid (“Interest only” mortgages? ARMs? I ain’t even got a college degree and I knew those were bad ideas.) and if they had only hurt themselves, that would be one thing. They, however, have managed to take the entire fucking global economy with them! In addition to the folks who’ve had the value in their 401K’s evaporate (and aren’t I glad I’m too poor to be able to afford one of those), we’ve had at least one instance of someone being so despondent over how fucked up things are, that they felt their only choice was murder/suicide.
Yeah, yeah, yeah, I know, I know, someone who’s that unstable is probably going to do that kind of thing eventually no matter what happens with the economy. That’s beside the point. Study after study has shown that when the economy goes in the crapper crime rates go up, people’s health goes into decline, and the world just goes to shit. If a company is “too big to fail” then when the government steps into bail it out, there needs to be some serious retribution for the pricks that put it in that shape. Perhaps if this were done, we’d have a little less “irrational exuberance” in the financial sector.
I really hope he does, it’s been awhile since we’ve had a fool as prolific around here. Next to actually learning things, comedy is the reason I come here.
I’ll let you know if I still have a job next month.
I’ve been involved with conference arrangements, and can back this up. In addition, you certainly don’t pay for food in advance, which seemed a pretty hefty part of this charge.
Maybe the execs are going to enjoy being yelled at by Congresspeople?
I can not find this story on their website or a couple other news sites I checked. Did they say what AIG spent the money on? Was it on buying out loans or new diamond necklaces for their dogs or what?
At my (fake and made up) law school (that I really didn’t attend) you could take (i) Corporations (3 hours) plus Agency and Unincorporated Associations (2 hours) or (ii) Business Organizations (4 hours). I took the first route and now would rather eat owl shit out of a dead Cervaise then read another agency case.
Two CEOs, one owl.
Also, we’ve got some real long-term thinkers in this thread. What effect do you think your proposed punishments would have on other people’s desire to be a top executive at a big company, and what effect would that have on the economy as a whole?