Story Of The Day: Another WATB!
It was only a matter of time before mass outcry against the taxpayer-funded bonus payments at AIG caused a pushback from the whiny ass titty babies who work there. It does take hubris though for the Vice President of the financial products unit, in other words the section majorly responsible for the collapse of the mega-company (as well as taking down the economy with it), to have a walk-away hissy fit on the editorial pages of the New York Times. What he accomplishes is a look into the entitlement culture in the financial world, especially in New York.
Jake DeSantis is the guy who "resigned" from AIG via this open letter, which is so self-aggrandizing you'd think Sarah Palin wrote it. Vacillating between saying he stayed with the company as a sense of duty, while bemoaning that he stayed because he was assured his bonus payment. So let me get this straight, you say you humbly accepted a $1 salary for this year, but only if you get the million dollar bonus? How fucking stupid do you think we are? And where would you be if your company went bankrupt? Well, just like all the other people who lost their jobs from bankrupt factories and small businesses. Shit out of luck and looking for a job.
His second stupid-ass premise is that he was gracious to stay there because he could've been getting a better job somewhere else, like he's some crew member on the Titanic. So, genius, who exactly would be hiring your ass, since your work experience apparently includes contributing towards the largest quarterly loss in history. That's like trying to get a job at Burger King after setting fire to mcDonald's as the fry boy.
Which brings us to the third point Jakey boy tries to make - that he wasn't responsible for the crash. Um, you were in the Financial Products division. The one that sold unregulated glorified betting tickets on people's loans. Right. So if you didn't, what the fuck were you doing there in that division? Baking cookies? You sure are quick to point out
After this babble of excuses, he snottily closes by saying he chooses to donate his bonus money (supposedly 742,006.40 after taxes) to "charity". Is this the same charity that Sarah Palin's clothes were intended for? And who's going to prove you did? Or choose the charity, which could be some right-wing 501? And finally, if you can really afford to give away 3/4 of a million, how fucked up is your life right now? How about spending a night here, in one of the many "tent cities" popping up across the country, due to nutjobs like you on Wall Street, playing Casino with our 401k's?
No? Then take your toys, give back the money and get the fuck away.
Related rant: This rundown from Business Week.
Jake DeSantis is the guy who "resigned" from AIG via this open letter, which is so self-aggrandizing you'd think Sarah Palin wrote it. Vacillating between saying he stayed with the company as a sense of duty, while bemoaning that he stayed because he was assured his bonus payment. So let me get this straight, you say you humbly accepted a $1 salary for this year, but only if you get the million dollar bonus? How fucking stupid do you think we are? And where would you be if your company went bankrupt? Well, just like all the other people who lost their jobs from bankrupt factories and small businesses. Shit out of luck and looking for a job.
His second stupid-ass premise is that he was gracious to stay there because he could've been getting a better job somewhere else, like he's some crew member on the Titanic. So, genius, who exactly would be hiring your ass, since your work experience apparently includes contributing towards the largest quarterly loss in history. That's like trying to get a job at Burger King after setting fire to mcDonald's as the fry boy.
Which brings us to the third point Jakey boy tries to make - that he wasn't responsible for the crash. Um, you were in the Financial Products division. The one that sold unregulated glorified betting tickets on people's loans. Right. So if you didn't, what the fuck were you doing there in that division? Baking cookies? You sure are quick to point out
I started at this company in 1998 as an equity trader, became the head of equity and commodity trading and, a couple of years before A.I.G.’s meltdown last September, was named the head of business development for commodities. Over this period the equity and commodity units were consistently profitable — in most years generating net profits of well over $100 million.Isn't that the "bubble" of earnings that collapsed once the house of cards fell?
After this babble of excuses, he snottily closes by saying he chooses to donate his bonus money (supposedly 742,006.40 after taxes) to "charity". Is this the same charity that Sarah Palin's clothes were intended for? And who's going to prove you did? Or choose the charity, which could be some right-wing 501? And finally, if you can really afford to give away 3/4 of a million, how fucked up is your life right now? How about spending a night here, in one of the many "tent cities" popping up across the country, due to nutjobs like you on Wall Street, playing Casino with our 401k's?
No? Then take your toys, give back the money and get the fuck away.Related rant: This rundown from Business Week.
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