AIG CEO Robert Benmosche Compares Bonus Criticism to Lynch Mobs
The uproar over bonuses "was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that – sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong. source
After being rescued by $182 billion in taxpayer money, this man has the stones of not only giving himself and his cohorts as much as a 24% raise (his salary was increased to 13 million dollars); but, now this lout complains about the Wall Street bonus backlash by comparing it to being lynched in Jim Crow Dixie of lore.
I may have pulled a Linda Blair, but Mr. Benmosche is the one in need of an exorcism from demons. Yea, he issued the obligatory apology -- something along the line of my bad for poor word selection -- but once again the curtain of Wall Street's unfettered greed has been pulled back.
As stated in the Rolling Stones:
|In case you forgot|
First of all, any white guy anywhere, rich or poor, who steps out in public wearing the mantle of 400 years of black suffering instantly shoots to the very top of the world asshole pyramid. Most white people grasp this instinctively. If they don't already teach it in kindergarten to make sure the rest get it, they ought to.
But when you're a white guy who just presided over a year of declining across-the-board sales but got a 24% pay raise anyway, to $13 million a year, largely because your company is invested in a market that's overheating due to massive Fed intervention, and you're so grateful for your cosmic good fortune that you immediately go out and publicly nail yourself to the cross of black victimhood – and not while stone drunk and with buddies at a bar, mind you, but sober and sitting in front of a Wall Street Journal reporter – that's like a whole new category of asshole. Try to compute just exactly how obnoxious that is – you'll be doing it until the end of time, like someone trying to figure pi. Read more