Wednesday, September 17, 2008
Now that I own an insurance company
The US, better known as you and me, just bought an 80% majority of the insurance giant American International Group Inc., better known as AIG. I'll leave conservatives to fret over this socialist takeover of private industry, I'm concerned about how our company has been run. Now that we are the majority stakeholders I expect we will have most of the seats on the company's board of directors and executive compensation committee. From those positions, I think we should fire all of the current management above the department head level and institute a stockholder's lawsuit against those former executives and board members who have so badly mismanaged our company. Besides suing them to return all pay and compensation received during their disastrous tenures, I think we should ask for sizable punitive damages to make an example of them. And, since we are now a socialist dictatorship like Denmark, where's my damn socialized medicine?