In an interview with the Wall Street Journal, AIG CEO Bob Benmosche said the following with regard to the public outrage over AIG paying executives $165 million in bonuses after being rescued by taxpayers during the Great Recession:
"Now you have these bright young people [in the financial-products unit] who had nothing to do with [the bad bets that hurt the company.] ... They understand the derivatives very well; they understand the complexity. ... They're all scared. They [had made] good livings. They probably lived beyond their means. ... They aren't going to stay there for nothing.
The uproar over bonuses 'was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that - sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong."
Yes, taxpayers whom showed their vocal displeasure with executives receiving $165 million in bonuses after they were the ones to rescue AIG from collapsing is akin to African-Americans being hung for the color of their skin...
Democratic Maryland Representative Elijah Cummings released this statement after being notified of Mr. Benmosche's ignorant comments:
"As the leading critic of AIG's lavish spending before and after its taxpayer funded bailout - and as the son of sharecroppers who actually experienced lynchings in their communities - I find it unbelievably appalling that Mr. Benmosche equates the violent repression of the African-American people with congressional efforts to prevent the waste of taxpayer dollars. If these statements are true, I believe he has demonstrated a fundamental inability to lead this modern global company in a responsible manner - a company that exists today only because it was rescued by the American taxpayers - and that he should resign his position as CEO immediately."
Benmosche has since responded by sending this message via email: "It was a poor choice of words. I never meant to offend anyone by it."
The man says that taxpayers' vocal outcry of wasted taxpayer dollars through $165 million in executive bonuses is just as bad as African-Americans getting lynched in the South, but didn't mean to offend anyone by it? Is the guy tripping on acid or just flat out stupid?
I love the sad attempt at an apology too.
"It was a poor choice of words. I never meant to offend anyone by it."
How about just saying you're sorry, bozo?
With that kind of a statement, I have to imagine he'd respond similarly to the following hypothetical scenarios:
Benmosche quote: "These nasty tweets attacking us for giving away bonuses to our executives is like what Hitler and the Nazis did to the Jews in the Holocaust!"
Benmosche apology: "It was a poor choice of words. I never meant to offend anyone by it."
Benmosche quote: "That critical column in the New York Times of our company was worse than attacks abused wives experience!"
Benmosche apology: "It was a poor choice of words. I never meant to offend anyone by it."
Benmosche quote: "All this public outcry about how we do things at AIG could be more damaging than the AIDS epidemic amongst queers!"
Benmosche apology: "It was a poor choice of words. I never meant to offend anyone by it."
With Bob Benmosche comparing complaints about wasting taxpayer dollars to lynching African-Americans, I'd have to say he's a poor excuse for a human being, and I hope he's offended by that.
http://thinkprogress.org/economy/2013/09/24/2671131/aig-bonus-outrage-lynching/
"Now you have these bright young people [in the financial-products unit] who had nothing to do with [the bad bets that hurt the company.] ... They understand the derivatives very well; they understand the complexity. ... They're all scared. They [had made] good livings. They probably lived beyond their means. ... They aren't going to stay there for nothing.
The uproar over bonuses 'was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that - sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong."
Yes, taxpayers whom showed their vocal displeasure with executives receiving $165 million in bonuses after they were the ones to rescue AIG from collapsing is akin to African-Americans being hung for the color of their skin...
Democratic Maryland Representative Elijah Cummings released this statement after being notified of Mr. Benmosche's ignorant comments:
"As the leading critic of AIG's lavish spending before and after its taxpayer funded bailout - and as the son of sharecroppers who actually experienced lynchings in their communities - I find it unbelievably appalling that Mr. Benmosche equates the violent repression of the African-American people with congressional efforts to prevent the waste of taxpayer dollars. If these statements are true, I believe he has demonstrated a fundamental inability to lead this modern global company in a responsible manner - a company that exists today only because it was rescued by the American taxpayers - and that he should resign his position as CEO immediately."
Benmosche has since responded by sending this message via email: "It was a poor choice of words. I never meant to offend anyone by it."
The man says that taxpayers' vocal outcry of wasted taxpayer dollars through $165 million in executive bonuses is just as bad as African-Americans getting lynched in the South, but didn't mean to offend anyone by it? Is the guy tripping on acid or just flat out stupid?
I love the sad attempt at an apology too.
"It was a poor choice of words. I never meant to offend anyone by it."
How about just saying you're sorry, bozo?
With that kind of a statement, I have to imagine he'd respond similarly to the following hypothetical scenarios:
Benmosche quote: "These nasty tweets attacking us for giving away bonuses to our executives is like what Hitler and the Nazis did to the Jews in the Holocaust!"
Benmosche apology: "It was a poor choice of words. I never meant to offend anyone by it."
Benmosche quote: "That critical column in the New York Times of our company was worse than attacks abused wives experience!"
Benmosche apology: "It was a poor choice of words. I never meant to offend anyone by it."
Benmosche quote: "All this public outcry about how we do things at AIG could be more damaging than the AIDS epidemic amongst queers!"
Benmosche apology: "It was a poor choice of words. I never meant to offend anyone by it."
With Bob Benmosche comparing complaints about wasting taxpayer dollars to lynching African-Americans, I'd have to say he's a poor excuse for a human being, and I hope he's offended by that.
http://thinkprogress.org/economy/2013/09/24/2671131/aig-bonus-outrage-lynching/
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