arhooley
2009-03-18 05:13:20
To quibble with one rhetorical question, “Where would they go?”
I’ve never known an employee in private industry who worked at or above the level occupied by these executives to be blasted from their industry altogether simply on the basis of incompetence. There’s always a lateral transfer, a consultancy, a book deal that wedges one back in somewhere, a seat on a board, one’s own business (well capitalized).
It doesn’t change my view of the whole situation, but I believe that if these people left AIG over nonpayment of contracted bonuses, they’d have someplace to go.
