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Oh….Never mind then.
Saturday Night Live? Thanks for the laugh.
Dear AIG:
Finally some common sense and ethics. Let these be the first building blocks as your rebuild your brand.
Signed,
The Insurance Industry at Large
Rebuild the brand? That’s funny too.
Yes, they didn’t see anything wrong with paying big bonuses to employees that were doing the very things that led to their problem. It would have been very strange having the ads thanking America for saving them and then saying by the way, we are suing you for saving us because we didn’t like the terms.
Hank would probably have sued the board had they not gone thru the formal and legal process of discussing and voting on it.
He needs put in a nursing home.
Or prison.
That’s the best idea of all. Right next to Bernie Madoff.
Or next to Blago. Maybe George Ryan.
Had he filed in Cook County, the jury would be back already with Billions….
….or to be committed.
Poor Hank has not had much luck on the suit business lately. Has he won a round yet? I am sure his lawyer likes it since he is on retainer and will get paid regardless of the outcome.
He will be at home counting what is left of his money.
Where is the fun in that!
Don’t pi55 off the American people. We are much bigger and better than you (that includes you government).
I really thought it was an April’s fool joke when I first read this -didn’t they already have bad PR to deal with – who was the “genius”?
It appears to me that the AIG board “considered” joining the lawsuit mainly as an attempt to insulate itself from a lawsuit by Starr. Had they not officially considered it, Starr could have initiated a shareholder lawsuit against AIG. Starr might sue them anyway, but at least now they can say that they didn’t reject the idea out of hand. I think the AIG board was between a rock and a hard place.
Technically, Hank should sue himself! Another attempt to rob the American taxpayers. The government should sue him for the costs of this.
Looking back now, because Greenberg’s lawsuit is really nothing new to AIG, I’m wondering if AIG itself didn’t “leak” the meeting to the press just so the public would rise up like it did and provide a good reason to refuse to join.
There is no way in h-e-double-hockey-sticks that joining the lawsuit be “good for the company or its shareholders” with all this rather dramatic negative goodwill.
The AIG board was going to deliver its decision by the end of the month. However, in view of the firestorm of criticism, they were able to to say: “Sorry, Hank, but no” immediately after the presentation.
Perhaps I’m too cynical. Anyway, here’s a link to a pretty good article by a sharp lady even though it’s from Fox (sorry lib-colleagues)- bit of a different slant, but makes a lot of sense: