If I had wanted to invest in AIG, I would have.\u00a0 I really resent that my government is forcing me, as a taxpayer, to invest in an organization I don’t believe is worthy of my investment.\u00a0 I could say the same about many other organizations clamoring for government dollars.<\/p>\n
I understand there are many fine people employed by these companies.\u00a0 I’m angry that their leadership’s poor management and, in many cases, their “I’m going to take this company for all I can get” philosophy has been a significant contributor to this current economic situation.\u00a0 I’m heartbroken that good, honest, hard-working employees who have toiled for the good of the company are caught in this crisis.\u00a0 But in a free enterprise system, companies who do not practice sound leadership and management need to go by the wayside.<\/p>\n
If they do request and receive a handout or assistance to get them through the crisis, they should not be surprised at oversight that gets into nitpicking how they are doing things.\u00a0 What many people (and, by extension) companies don’t realize is that when you ask for a handout, that opens you up to criticism and feedback (unsolicited or otherwise) about the choices you (or the company) has made.<\/p>\n
When you’re responsible for your company and accept it’s failures and work through them, how you structure your executive compensation is your business.\u00a0 If you go out of business because your executives spent all their time drinking mimosas on the beach instead of actually leading the company, that’s your problem.\u00a0 If you wind up in a financial crisis and the people you ask to bail you out say, “Sure,” and subsequently discover your leadership team has been spending an awful lot of time drinking mimosas on the beach and flying around in executive jets, they might have something to say about it.\u00a0 Since you’ve asked for and accepted their help, you don’t really have a leg to stand on when they suggest, no insist, that that behavior isn’t appropriate when trying to achieve fiscal prosperity.<\/p>\n
I see a similar thing on a smaller scale with some individuals.\u00a0 Their personal conduct results in situations where they are not in a position to fend for themselves effectively.\u00a0 They need assistance from other people — maybe with transportation, groceries, work, or babysitting.\u00a0 Yet they fail to understand that the other people do not have to cater to them.\u00a0 The person seeking help or assistance needs to adjust their requests to accommodate the person or people they are calling upon to help them.\u00a0 When they don’t do so, resistance to helping increases upon the part of the people being called upon to assist.<\/p>\n
In personal lives as in business, when you’ve screwed up and are trying to straighten things out, it’s best to come calling with a healthy dose of humility and a viable plan to eliminate the screwed up situation.\u00a0 And don’t be surprised if you’ve worn out your welcome by calling at the well too often — especially if your plan was just lip service to get you way.\u00a0 AIG, this is beginning to look like one of those “too often at the well” situations.\u00a0 It will, eventually, come up dry.<\/p>\n","protected":false},"excerpt":{"rendered":"
If I had wanted to invest in AIG, I would have.\u00a0 I really resent that my government is forcing me, as a taxpayer, to invest in an organization I don’t believe is worthy of my investment.\u00a0 I could say the same about many other organizations clamoring for government dollars. I …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[48],"tags":[],"class_list":["post-1674","post","type-post","status-publish","format-standard","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/posts\/1674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/comments?post=1674"}],"version-history":[{"count":0,"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/posts\/1674\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/media?parent=1674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/categories?post=1674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeanschara.com\/pmtoo\/wp-json\/wp\/v2\/tags?post=1674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}