Sunday, March 22, 2009

NYTimes: The Problem With Flogging A.I.G.

Joe Nocera has summed up what I've been feeling about this circus Congress has been running around AIG and the other companies.

The US Government, which means all of us, is the majority shareholder of AIG.

IF we want to have a chance of getting our investment back we need to make sure we keep the best around especially in the profitable areas of their business.

Think about it, these divisions are profitable so hopefully that means those employees actually know what they are doing. They might even be superstars who could easily bail to a hedge fund, or other company that isn't under the gun of the 90% bonus tax. Unfortunately many of the business run on people's minds not a factory or assembly line.

Take a read of the article here.