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Old 03-18-2009, 04:00 PM
 
5,758 posts, read 11,636,388 times
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It angers me when I here people say, cancel my policy, etc. These empolyees and execs probably lost there stock options and will pay a great price in there jobs.
Them's the breaks. Let that be a lesson to us all - be wary of working for financial companies with opaque financial products divisions.
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Old 03-18-2009, 05:38 PM
 
Location: down south
513 posts, read 1,581,514 times
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Originally Posted by cohdane View Post
There are companies that choose to participate unethical behavior and there are companies that don't.

Personally, I don't care which department you work in at a company whose upper echelon condones irresponsible business practices. If I have a choice to get the product from another company that doesn't engage in shenanigans, that's the company I'm going with. And for that matter, that's the company I'd choose to be employed by, were I in that industry.

People can vote with their pocketbooks. Social disapproval (executed via the marketplace) is and always will be a powerful influence on the behavior of individuals and corporations.

As much as you disagree with people blaming the "innocent," I disagree with people who simply shrug and say "most" were not to blame and therefore everyone should conduct business as usual. How about the mother of four who works as a clerk at Philip Morris? How about the charitable branch of the Nazi party?

I've read that some employees of AIG are resigning in disgust with their own company. I applaud them.
Well, how about every voter in this country who bought into the "government is the problem" crap and created the political environment that ultimately led to the dismantling of all the regulatory framework? Yeah, I get it, you don't trust the government. But somehow nobody was smart enough to point out the elephant in the room: you don't trust the government you vote for, but you trust corporation so much that you are willing to grant them near total freedom in doing what they want to do? So your solution to rising crime rate would be declaring "cops can't solve the problem, cops are the problem" and getting the police off the street. Sure, it would mean a lot less hassle for you, but it also means you are much likely to be shot by crooks. Which one is worse: being issued a ticket by police patrol or being pointed at head with a gun by drug dealers? Any sane people would know how to choose, but collectively, this nation made the choice that essentially let the crooks go free in exchange for less paperwork you need through. How ingenious it is!!! And somehow this nation has the nerve to preach this fundamentally flawed model to everybody.
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Old 03-18-2009, 10:25 PM
 
Location: NC
1,672 posts, read 1,771,510 times
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I firmly believe that this latest AIG fiasco is going to have some serious repercussions for not only AIG and its employees, but many other financial firms. This may have broken the camel's back here as I'm seeing outrage over who knew what now hitting from all sides of the spectrum, and due to all the he said/she said that is contradictaory, we have some people who are lying...heavily...and someone is going down because the way the media is picking this up, it won't die anytime soon.

I know it sucks for AIG employees, being I bet it is near impossible to find another job, but I would be thinking of any creative way to get out of this bus before you get perma stigma.
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