Rewards for failures!!!
Now we are hearing that for the first time in history of any industry. Maybe AIG was more influenced by Freud and others, who claimed that punishment does not propel children in their life. Freud never claimed that they should actually be rewarded for mistakes, this actually may increase their propensity to commit mistakes, and they may even enjoy it.AIG is doing just that.
The executives are behaving like children; trying to cajole American government by beating their chest and try to instill fear in the government that people would lose jobs, if they are not retained. Mind it, these are the same people who in the first place were responsible for the collapse of AIG. As for stock market the share price of AIG is below 1 dollar, a year back it was around 60.
Some sections of society are backing their claim because they are also fearful that AIG and market will collapse. In this sense we should actually bailout Mr. Madoff also, who cheated investors of their money.
Any economy is not run by stock market, its run by basic fundamentals such as saving and consumptions. Mr. Obama is right in moving on and tackling fundamental issues of infrastructure like energy, construction, healthcare and education. But more of it in another note.So what do you say/opine? Should we feed these fat cats more? Lets move on to more relevant topics such as Nation's development!
Now we are hearing that for the first time in history of any industry. Maybe AIG was more influenced by Freud and others, who claimed that punishment does not propel children in their life. Freud never claimed that they should actually be rewarded for mistakes, this actually may increase their propensity to commit mistakes, and they may even enjoy it.AIG is doing just that.
The executives are behaving like children; trying to cajole American government by beating their chest and try to instill fear in the government that people would lose jobs, if they are not retained. Mind it, these are the same people who in the first place were responsible for the collapse of AIG. As for stock market the share price of AIG is below 1 dollar, a year back it was around 60.
Some sections of society are backing their claim because they are also fearful that AIG and market will collapse. In this sense we should actually bailout Mr. Madoff also, who cheated investors of their money.
Any economy is not run by stock market, its run by basic fundamentals such as saving and consumptions. Mr. Obama is right in moving on and tackling fundamental issues of infrastructure like energy, construction, healthcare and education. But more of it in another note.So what do you say/opine? Should we feed these fat cats more? Lets move on to more relevant topics such as Nation's development!
News - And lo behold ! The AIG is contemplating of suing the very government , which rescued them
Love Pranay
Love Pranay
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