Sunday, March 15, 2009

Quote of the Day

"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 M. Liddy, the government-appointed chairman of A.I.G., in a letter to Treasury Secretary Timothy Geithner explaining $165 million in bonuses to executives after being the recipient of $170 billion bailout from taxpayers. Of course, these are the same executives who contributed significantly to the current financial crisis.

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About Me

Alexandria, VA, United States
'To see what is in front of one's nose requires a constant struggle." - George Orwell