Joined: 08 Jul 2003
Posts: 5007
| Posted: Tue May 03, 2005 5:19 pm Post subject: A 'gift' worth 2 BILLION dollars & INSURANCE rates? | |
An executive for insurance company AIG who is under investigation for several things gave his wife over 41 million shares of his stock for a value over 2 billion at time of story.This executive has taken the 5th several times during hearings on his/his company's doings.Seems to be afraid of potential lawsuits;more than likely would take place after this fiasco costs stock holders,employees or even rate payers alot of $$$.Why is he trying to make his money harder to get at-does he know the outcome or the results of his actions he is not talking about.Next time you pay an INSURANCE bill just think about him & then buy extra medical insurance for the heart attack you will surely have.  http://www.msnbc.msn.com/id/7480911/ .Again how is an executive even worth this much???.
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Joined: 06 Jul 2003
Posts: 7090
Location: Central CA
| Posted: Tue May 03, 2005 10:41 pm Post subject: | |
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Ask yourself how many common folks have died or are deathly ill because they couldn't/can't afford health insurance on an individual basis and the cost of group insurance has risen beyond, if not the capability at least the desire, of the corporation they work for to provide?
You can complain all you want about the rising cost of health care but bastards like this play just as big a role, if not bigger, in every one of those deaths and illnesses and still, everybody but one state AG looks the other way. Flipping disgusting. |
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Joined: 08 Jul 2003
Posts: 5007
| Posted: Sun May 08, 2005 11:59 pm Post subject: 41 billion for what from where | |
| How the heck does someone even come into a position to recieve 41 billion in stock-where does the sense of entitlement come from?Is it their way of getting back at someone?are they simply greedy?-'other peoples money' | |
Joined: 06 Jul 2003
Posts: 7090
Location: Central CA
| Posted: Mon May 09, 2005 12:57 am Post subject: | |
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I've been reading a lot of commentary, both in the media and on internet forums that would indicate that, anong the old boy network at the top of all things in the country, after a certain point its no longer the money but of getting away with more than the next guy.
For example, one of the first times I ever heard about Eddie Lampert, the article stated that he was attempting to out-Buffet Buffet. Warren Buffet is pretty much recognized as the shrewdest investor/hedgeund operator/holding company guru around and Lampert simply wants to take away that title and is willing to do anything to get there. This exec certainly doesn't NEED that money and I seriously doubt that he's interested in anything he could buy with it. It's simply getting away with it and getting away with something that his cronies were probably afraid to try because they knew it sucked enough to attract attention. |
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Joined: 08 Jul 2003
Posts: 5007
| Posted: Mon May 09, 2005 1:20 am Post subject: Ego? | |
| Good observation.Does this mean ego or low self esteem?.So some exec had a dysfunctional childhood were supposed right it off as something like ego?.I've always heard comments that people with a Bill Gates childhood wind up being todays execs & millionares. | |
Joined: 06 Jul 2003
Posts: 7090
Location: Central CA
| Posted: Mon May 09, 2005 2:29 am Post subject: | |
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I'm sure they wind up feeling perfectly justified in doing what they do whatever Dr. Phil would attribute it to. As long as they can justify it to themselves they really couldn't care less what anyone else thinks.
I would go with the "getting even" theory I think and that could go to low self esteem OR ego. The thing that worries me most is the number of people who are in the same position as you and me yet who feel these people are justified in whatever they do. It's like they're striking some kind of a blow for geeks everywhere. 
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