# Dear AIG: I quit....
**URL:** https://forums.speedlife.net/t/dear-aig-i-quit/65082
**Category:** NYSpeed Off Topic
**Created:** [March 25, 2009, 12:15pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082 "2009-03-25T12:15:45Z")
**Posts on this page:** 20
**Page:** 5
### Author:  [@Eazy716](https://forums.speedlife.net/u/Eazy716)
#### Post date: [March 26, 2009, 9:43am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/81 "2009-03-26T09:43:30Z")
it’s not only “retarded”, but also against the constitution that these politicians so easily forget about.
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### Author:  [@turbociv](https://forums.speedlife.net/u/turbociv)
#### Post date: [March 26, 2009, 9:44am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/82 "2009-03-26T09:44:18Z")
> [@Eazy716](#):
>
> Then why not call for your elected officials to be paid $1 a year?
> That’s coming out of your wallet as well.
yea, you and i know thats never gunna happen especially when they vote on there own salaries. So many things that make me angry but this topic wasnt about our eleceted officials pay.
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### Author:  [@Eazy716](https://forums.speedlife.net/u/Eazy716)
#### Post date: [March 26, 2009, 9:48am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/83 "2009-03-26T09:48:10Z")
> [@turbociv](#):
>
> yea, you and i know thats never gunna happen especially when they vote on there own salaries. So many things that make me angry but this topic wasnt about our eleceted officials pay.
you’re right, it was about the PRIVATE sector, and how the GOVT fucked up by not reading the contracts they signed.
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### Author:  [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)
#### Post date: [March 26, 2009, 10:04am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/84 "2009-03-26T10:04:58Z")
> [@Blue Eyed Devil](#):
>
> Yeah, I get little tired of hearing how these guys are the best and brightest. The other thing is when people say, “If they don’t get a bonus they will quit and get a job somewhere else.” Orly? I hear Walmart and McDonalds are doing well right now, goodluck with your search fellas.
There are jobs out there for talented people. My g/f just got hired at an excellent company with a great salary.
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [March 26, 2009, 10:07am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/85 "2009-03-26T10:07:53Z")
I’ve said it about 50 times, let me try to re-clarify.
My point is that people blindly sqawk that the AIG Bonuses are an outrage when in fact, it is in the tax payers best interest that they be paid. If you run off the people that are there, by removing their compensation, who is going to sign up to work there to replace them?
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### Author:  [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)
#### Post date: [March 26, 2009, 10:10am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/86 "2009-03-26T10:10:10Z")
yep, people work for money, take away the money, and there is no reason to work. Pretty plain to see major repercussions.
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### Author:  [@turbociv](https://forums.speedlife.net/u/turbociv)
#### Post date: [March 26, 2009, 11:16am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/87 "2009-03-26T11:16:20Z")
> [@walter](#):
>
> I’ve said it about 50 times, let me try to re-clarify.
>
> My point is that people blindly sqawk that the AIG Bonuses are an outrage when in fact, it is in the tax payers best interest that they be paid. If you run off the people that are there, by removing their compensation, who is going to sign up to work there to replace them?
Can you please show me proof that this guy was worth millions? Im sorry, but theres always somebody willing to work harder for less with the same if not better results. Some of these fat cats need to step down. sorry but what goes up must come down.
If his work is worth millions then he should go work somewhere else for it. Not on the tax payers dollar. The problem isnt so much the bank itself but the economy itself. AIG will do good again once the economy rebounds regardless if theres some schmuck making millions or only 250k a year.
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### Author:  [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)
#### Post date: [March 26, 2009, 11:19am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/88 "2009-03-26T11:19:45Z")
> [@turbociv](#):
>
> Can you please show me proof that this guy was worth millions? Im sorry, but theres always somebody willing to work harder for less with the same if not better results. Some of these fat cats need to step down. sorry but what goes up must come down.
>
> If his work is worth millions then he should go work somewhere else for it. Not on the tax payers dollar. The problem isnt so much the bank itself but the economy itself. AIG will do good again once the economy rebounds regardless if theres some schmuck making millions or only 250k a year.
He is worth his salary because his department profits millions of dollars a year. If you cannot grasp this, just leave it alone.
You want something for nothing? You want them to work their asses off to pay back the bailout, and not make any money themselves? Yeah, lets get some college grads in there for $30k a year and see where we end up. You will never get your money back.
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [March 26, 2009, 11:28am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/89 "2009-03-26T11:28:16Z")
> [@turbociv](#):
>
> Can you please show me proof that this guy was worth millions? Im sorry, but theres always somebody willing to work harder for less with the same if not better results. Some of these fat cats need to step down. sorry but what goes up must come down.
>
> If his work is worth millions then he should go work somewhere else for it. Not on the tax payers dollar. The problem isnt so much the bank itself but the economy itself. AIG will do good again once the economy rebounds regardless if theres some schmuck making millions or only 250k a year.
:picard:
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### Author:  [@turbociv](https://forums.speedlife.net/u/turbociv)
#### Post date: [March 26, 2009, 11:41am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/90 "2009-03-26T11:41:22Z")
> [@boardjnky4](#):
>
> He is worth his salary because his department profits millions of dollars a year. If you cannot grasp this, just leave it alone.
>
> You want something for nothing? You want them to work their asses off to pay back the bailout, and not make any money themselves? Yeah, lets get some college grads in there for $30k a year and see where we end up. You will never get your money back.
> [@walter](#):
>
> :picard:
you guys just dont get it.lol
:picard:
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### Author:  [@StrokedZ28](https://forums.speedlife.net/u/StrokedZ28)
#### Post date: [March 26, 2009, 1:57pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/91 "2009-03-26T13:57:09Z")
> [@boardjnky4](#):
>
> He is worth his salary because his department profits millions of dollars a year. If you cannot grasp this, just leave it alone.
>
> You want something for nothing? You want them to work their asses off to pay back the bailout, and not make any money themselves? Yeah, lets get some college grads in there for $30k a year and see where we end up. You will never get your money back.
No he’s still not worth it.
No one is worth tens of millions of dollars. And if an exec complains about it too bad.
Does anyone want to argue that greed had a lot to do with are problems today?
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### Author:  [@AngryHero](https://forums.speedlife.net/u/AngryHero)
#### Post date: [March 26, 2009, 2:09pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/92 "2009-03-26T14:09:39Z")
> [@StrokedZ28](#):
>
> No he’s still not worth it.
>
> No one is worth tens of millions of dollars. And if an exec complains about it too bad.
>
> Does anyone want to argue that greed had a lot to do with are problems today?
1.It seems he is.
2.It said he only made like 750k.Thats quite i difference from 10s of millions
3.No
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [March 26, 2009, 2:21pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/93 "2009-03-26T14:21:02Z")
How do people not understand how capitalism works?
He is worth what he is paid. Industry standards set salaries. If someone is a great worker, competitors will work aggressively to poach you by making you a more lucrative offer that they feel is commensurate with the value that you will bring to their company. Similarly, your current employer will continue to reward your work so that you stay and don’t start leaving. If you have an over inflated self worth and want $1M on $250k worth of output you aren’t going to get it, and if you do, you’re going to lose it.
It will be great when you guys grow up and the light goes on and you finally get it.
Corporations make money, they spend it on the people that make them money, so they can make more money.
You get to reap the rewards. Just because you can’t understand value at that level, doesn’t mean it isn’t real.
Do some people get paid more than they’re worth? Sure. Is painting in broad strokes saying that no one is worth X dollars anything other than proving to the rest of us that you are both a moron, and very unsuccessful? No.
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### Author:  [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)
#### Post date: [March 26, 2009, 4:18pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/94 "2009-03-26T16:18:32Z")
> [@StrokedZ28](#):
>
> No he’s still not worth it.
>
> No one is worth tens of millions of dollars. And if an exec complains about it too bad.
>
> Does anyone want to argue that greed had a lot to do with are problems today?
Nope, greed had everything to do with it. greed from the people running our govt. who are stealing money from people who have achieved something in their life.
I think if your job makes a 100 million dollars for a company then you are worth a couple million because not many people have the ability to do that, I don’t care what you say. Think about the amount of money you make the place you work for… don’t you think you are worth 2-3%? is it more? I bet it is.
The government in this country is fucking bullshit and they should ALL be thrown out. Every last one of those bloodsucking, selfish, arrogant bastards who don’t give a shit about “duty to their country”… only about duty to themselves.
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### Author:  [@Janus](https://forums.speedlife.net/u/Janus)
#### Post date: [March 26, 2009, 4:25pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/95 "2009-03-26T16:25:18Z")
> [@walter](#):
>
> How do people not understand how capitalism works?
>
> He is worth what he is paid. Industry standards set salaries. If someone is a great worker, competitors will work aggressively to poach you by making you a more lucrative offer that they feel is commensurate with the value that you will bring to their company. Similarly, your current employer will continue to reward your work so that you stay and don’t start leaving. If you have an over inflated self worth and want $1M on $250k worth of output you aren’t going to get it, and if you do, you’re going to lose it.
>
> It will be great when you guys grow up and the light goes on and you finally get it.
>
> Corporations make money, they spend it on the people that make them money, so they can make more money.
>
> You get to reap the rewards. Just because you can’t understand value at that level, doesn’t mean it isn’t real.
>
> Do some people get paid more than they’re worth? Sure. Is painting in broad strokes saying that no one is worth X dollars anything other than proving to the rest of us that you are both a moron, and very unsuccessful? No.
exactly. ‘value’ and ‘salary’ and ‘worth’ are subjective and based on what the market will hold up/ dictates. we might kick and scream that they make an obscene amount of money, but what they are paid is a reflection of what the market views as their value. hell… compare it to superstar athletes. do you think TO warrents 6 million dollars for a single year contract? he does based on the fact that he is a ‘draw’ and will bring added interest (what will turn into realized revenue for the team). his ‘value’ is based on the market, and thus he will make what he is ‘worth’.
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### Author:  [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)
#### Post date: [March 26, 2009, 4:33pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/96 "2009-03-26T16:33:19Z")
bingo
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [March 26, 2009, 4:49pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/97 "2009-03-26T16:49:18Z")
> [@turbociv](#):
>
> you guys just dont get it.lol
>
> :picard:
Can you please tell me how the contract value of a NFL player is determined during free agency? Say… Jason Peters.
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### Author:  [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)
#### Post date: [March 26, 2009, 4:50pm UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/98 "2009-03-26T16:50:39Z")
> [@StrokedZ28](#):
>
> No he’s still not worth it.
>
> No one is worth tens of millions of dollars. And if an exec complains about it too bad.
>
> Does anyone want to argue that greed had a lot to do with are problems today?
It’s not like the guy goes around threatening AIG for more money. There is a job, it pays XXX,XXX as a yearly salary. He has filled the position. He gets payed VERY well because of his ability to continuously have an EXTREMELY profitable department.
The guy does not make 10s of millions of dollars a year.
Greed may have been an issue. However, fact of the matter is that in the end, there was a written contract stating that he was to be compensated at the end of the fiscal year, rather than progressively throughout the year. He trusted his employer to keep their word, and they fucked him.
You are a teacher. What if your school ran out of cash. They said they had money coming, but couldn’t pay you now. Instead, they would pay you a lump sum in 6 months. Then in 6 months, when you were expecting your pay, they fucked you in the ass and said, no, you are not getting it.
Whether you make 10k a year or 10M a year, it is NOT right.
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### Author:  [@tinsil](https://forums.speedlife.net/u/tinsil)
#### Post date: [March 27, 2009, 9:57am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/99 "2009-03-27T09:57:41Z")
> **[Opinion | To: Ex-V.P., A.I.G. From: The Taxpayer (Published 2009)](https://www.nytimes.com/2009/03/26/opinion/l26aig.html?_r=1)**
>
> To the Editor:.
> To the Editor:
> The letter of resignation to A.I.G. from Jake DeSantis argues that those employees not responsible for the company’s excesses and meltdown are being deprived of promised bonus money and unfairly targeted by politicians and the public. One can easily agree with some of that, especially Congress’s holier-than-thou attitude about the spending of public money.
> But the working stiffs of the country still don’t get how someone is entitled to a bonus when his unscrupulous employer nearly brings down a national economy.
> Is the performance of A.I.G. completely unrelated to the compensation of its employees, or is $165 million an extremely low bonus pool that correlates to A.I.G.’s huge financial losses?
> John Vasi
> Santa Barbara, Calif., March 25, 2009
---
### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [March 27, 2009, 10:27am UTC](https://forums.speedlife.net/t/dear-aig-i-quit/65082/100 "2009-03-27T10:27:07Z")
> [@tinsil](#):
>
> [http://www.nytimes.com/2009/03/26/opinion/l26aig.html?\_r=1](http://www.nytimes.com/2009/03/26/opinion/l26aig.html?_r=1)
So what?
read more
> To the Editor:
> At last! It’s about time that one of the targets of the A.I.G. witch hunt stood up and defended him or herself, since Edward M. Liddy, the chief executive of A.I.G., has conspicuously failed to do so, and the news media have failed utterly to tell the story of those who are working to salvage what they can for the company and the American taxpayer.
> I applaud Jake DeSantis for sharing his resignation letter with the public. I also offer my condolences to Mr. DeSantis, whose only failing seems to be having trusted his employer to live up to its end of the bargain.
> There’s a difference between the people who made the mess at A.I.G. and those who rolled up their sleeves and went to work to clean it up. No one seems to have noticed that crucial distinction.
> My anger at grandstanding politicians, attorneys general and double-crossing bureaucrats knows no bounds when it causes capable people to throw up their hands and leave. Our elected representatives have now taken out a player who could have helped minimize the damage that I as a taxpayer will suffer because of the A.I.G. mess. I hope they’re satisfied.
> Thomas A. Thompson
> Latham, N.Y., March 25, 2009
> I read with interest the resignation letter of Jake DeSantis. He makes a strong case for understanding that not all A.I.G. employees are responsible for the financial manipulations that have contributed to the world economic meltdown.
> I think that providing insight into the behavior of those individuals who were responsible for the derivatives operations would go a long way in tamping down the pitch-fork-wielding populist rage that is distracting both political leaders and anxious citizens from the real problems facing the Obama administration as it seeks solutions to a very complex problem.
> Jesse Silverglate
> Pembroke Pines, Fla., March 25, 2009
opinions are like assholes
there are more stupid assholes in America than anywhere else I’ve ever been.
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