This Desantis fucker makes a critical error of cognition in his pout. In reading his letter its clear he is quite familiar with AIG's bonus contract but he also claims not to have known what was going on in the rest of the AIG FP division. That's a lie. The contract very clearly uses language that insulates the bonuses from anticipated loss in the very products AIG Financial Product's division deals in. They all knew massive losses were coming in their product division and its not at all credible that an Executive Vice President wouldn't know why. Fuck this guy.
We can make all kinds of macro observations as to what really caused all this shit to hit the fan but in truth it is due to nothing more than this kind of pettiness in spirit.
Did you read that letter? He's been making $1/year. Could you survive on earning $1/year from your primary job that requires you to work, on average, 60h/week? I couldn't. Furthermore, could you do his job? Could he do yours?
ReplyDeleteWhile you're at it, put yourself on that list, whiner.
I did read the letter, especially this part that evidently escaped The Authors notice:
ReplyDelete"I know that because of hard work I have benefited more than most during the economic boom and have saved enough that my family is unlikely to suffer devastating losses during the current bust. Some might argue that members of my profession have been overpaid, and I wouldn’t disagree."
Yet the man has the gall to complain about the circumstances of his six figure bonus. He earns a scrotum punch fair and square.
Uh, I don't know, maybe it's me, but this blogger's argument seemed cogent and perfectly plausible.
ReplyDeleteAre you sure you understand what being floated here, Author?