The sickening feeling in my stomach continues to worsen. AIG is looking to clawback a $490 million endowment and the $27 million in donations already made to charities to pay employee bonuses instead. The New York Post has the details on this underhanded, disgusting move by a company and board that has long been disgraced.
From the NY Post:
Insurance giant AIG is trying to seize a $490 million charitable endowment — and claw back $27 million it already awarded to New York charities — to pay executive bonuses, The Post has learned. The endowment, called Starr International Foundation, is run by former AIG chairman Hank Greenberg, and has given millions to the Sept. 11 Memorial and Museum, Citymeals and other local groups. My favorite part about this all? AIG is in court to get the money back of course - spending taxpayer dollars to take money out of the needy’s hands and put in to lining pockets of mostly overpaid hacks who can’t run a hot dog stand, let alone an insurance conglomerate. When will the depravity end?
Insurance giant AIG is trying to seize a $490 million charitable endowment — and claw back $27 million it already awarded to New York charities — to pay executive bonuses, The Post has learned. The endowment, called Starr International Foundation, is run by former AIG chairman Hank Greenberg, and has given millions to the Sept. 11 Memorial and Museum, Citymeals and other local groups. My favorite part about this all? AIG is in court to get the money back of course - spending taxpayer dollars to take money out of the needy’s hands and put in to lining pockets of mostly overpaid hacks who can’t run a hot dog stand, let alone an insurance conglomerate. When will the depravity end?
Now the Good?
The minute-long commercial, which can be viewed by clocking on the image or visiting GM Reinvention, admits right off the bat that "No company wants to go through this," and goes on to frame the situation like this: "GM needs to start over in order to get stronger." Amidst a siezure-inducing barrage of scenes from Americana, the narrator explains in a nutshell that the old way wasn't working and the new way will be "Leaner, Greener, Faster, Smarter."w the video for yourself and let us know if it gets the right message across about "New GM".[Source: re:invention]
So the larger question should be, who derserves our tax dollars more? Have a take, make a comment, it's your money after all.
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