A little redundancy never hurt anyone! So here's my blog post from the Cochin Open Coffee Club
"Just done watching the news today! Only one part of the news really interested me, though. Its now time for AIG to pay their executives their huge bonuses!
AIG, as you all must have heard, almost went bust before the US govt., quite benevolently (and obviously quite hastily) decided to bail them out with a package of no less than $85 billion of taxpayers money, followed by another package of $40 billion.
Now, the company is in a bit of a fix, with their executives' contracts having been written up before the crisis and all, these guys still need their $450 million in bonuses. If paid, it would be the most undeserved pay-checks ever meted out in business history! Its like saying, "Right boys, you've lost us $61.7 billion. Lets make it a nice round figure shall we! "
Somehow, one thing thats missing from the entire situation are the protests! Forget India, if it were in Europe (France especially) we'd have a huge rally or something asking for these executives to be put in jail! Of course there are some people who are raising their voices, including the "Messiah" Obama, but even he says "he will look into the matter"
The public has been too quite for their own good. No huge protests, and thats surprising - considering how many jobless Americans there are!! There are a few disjointed voices, but in todays world,
"If it ain't in the news, its as good as it never happened."
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