Originally Posted by JP135
If the federal government steps in and bails out a failed business, the government should immediately can everyone on the management staff from the CEO down to department managers and replace them immediately. No severance pay, no golden parachute, nothing. Obviously they have no idea how to run their business (hence the failure) and are dead weight.
I agree somewhat but if you really stop and think, who is going to run it?
From what I have seen from AIG this was a conference for guys who sell their products. It makes for a great news story that executives are partying it up on the taxpayer dollar. They are of course, but they are also trying to keep the business going. I'd say if they have run these conferences in the past as part of their regular business then they should keep right on doing them. After all I want them to make it.
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