Imagine this conversation:
Conservative businessman type: Hi son, how are you today?
20 year old son: Not so good… my car insurance is due, and I don’t have the money.
Conservative Businessman type: Well… ok, let me help you. I don’t want you to have to give up your car. But, I need you to promise that you’ll make smarter choices in the future regarding your finances. Ok?
20 year old son: Sure Dad. Thanks!!
The next day, Dad sees son getting ready to go out.
Conservative Businessman type: Where are you going, son?
20 year old son: Oh, we’re going to scalp tickets to the big game. Don’t wait up!
Conservative Businessman type: Ummm… wait… didn’t I just loan you money for your car insurance? Where is this money for the game coming from?
20 year old son: Errrr… ummm… well, you see, I already promised the guys, and…
That’s the AIG bonus thing in a nutshell. Betting a lot of those guys who got/ok’d bonuses would be on Dad’s side in the above, too.
I can’t say I’m surprised. Are you? I mean, nobody is saying “Oh, a huge insurance company filled with big business pricks acted in a slimeball way??? NO, not them.”
Bad PR boys. You really blew it. You can fix this by hiring someone really good at getting a clear, plain message across. I’ll explain it for you and make it all better. I don’t charge much – couple mil ought to do it. 🙂