Tuesday, March 17, 2009

Senator Charles Grassley to AIG execs: Resign or commit suicide

A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their actions.

The first thing that would make me feel a little bit better toward them (is) if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide," Grassley said.

"And in the case of the Japanese," he added, "they usually commit suicide before they make any apology.

Okay, come on, that is a little harsh, I know that these people should not get bonuses but you can't tell them to kill themselves?

You can read the complete story on Reuters http://www.reuters.com/article/ousiv/idUSTRE52G3BQ20090317

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