Mar 15 2009

A simple cure for AIG-related bonus angst

Tag: ArchivesSuzanna @ 12:24 pm

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This is an addendum posted on March 26th, 2009, and related to the resignation letter by Jake DeSantis to the CEO of AIG. I think it is very important to read his letter. If I understand this correctly, at least in his case, he was not receiving a bonus at all. It was deferred payment for many months of long hours he had faithfully put in. Rather than remove my post below, I leave it as an early response to this debacle. If you want to feel more informed, do follow the link and read Mr. DeSantis’ letter.

Jake DeSantis Resignation Letter

Haven’t we had just about enough?

I’m just going to toss this idea out. If you like it, spread it – in that special Internet exponential way. Tell Jon Stewart. He could really do something with it.

So we’re looking at the Sunday Chronicle, and people at the table at the coffeehouse are all up in arms about how “AIG is paying” these huge bonuses to their executives. Everyone feels both enraged and helpless, and that’s a terrible combo of brain chemicals.

I haven’t felt helpless in a long time, at least not where anything media-related is concerned. The more I engage new media, the more empowered I feel. We really can organize now to raise a great big voice (and a stink where stink is warranted) on absolutely any issue before us.

So here’s my idea.

How about we do some research and make a list, go one by one through the recipients of these bonuses. Name them. Talk about them. Interview them. Let us all see, through this big shiny transparent lens called the Web, who the actual people are who would accept these bonuses.

Someone take it a step further. We don’t even need Jon Stewart. You video pros out there. Make a quick, simple video and stick it on YouTube. Take this issue and dramatize it. One idea is to have a young boy or girl asking their dad (their dramatized AIG-bonus-accepting-dad), “Why do we need all that money, Daddy? Why are all those people so mad at us, Daddy?” And, yes, roll those names.

Maybe this is a terrible idea. Maybe it seems like a witch hunt. Your comments are invited – as a matter of fact, if you’re reading this, do me the favor of letting me know by responding in the comments. Tell us what you think about it.

Transparency in new media is powerful. We might even find some CEOs who are NOT accepting these sickeningly huge, irrational, untimely piles of moolah. That would be really great. Shine the big light and see if something good pops out. We could all use that.

Get a little bit more active on social media. It doesn’t have to be a big time sink. Write a simple blog, learn a bit about Twitter and see what’s really happening in that conversation. More voices is a good thing.

To our empowerment as caring citizens,

Suzanna Stinnett

Use the exponential Internet to further this conversation by putting a hash tag in your posts: #AIGangst

p.s. If you find my posts interesting, informative and/or helpful, I’d like you to subscribe in that upper right column so you can become part of my web community. I send my subscribers brain-health tips and other fun items for learning about online communication. Come join in.

2 Responses to “A simple cure for AIG-related bonus angst”

  1. Rachel says:

    Interesting idea. Words can´t even begin to explain how outraged Americans are over this second-round of bonus blunders. The attorneys are claiming that this was a contractual obligation. So, if the government had let AIG collapse in the first place, all those unemployed executives would´ve been out of not only their bonuses but also their jobs — like so many other Americans. Do the attorneys realize that the money wasn´t given to AIG to keep those executives living in the ridiculous manner to which they grew accustomed by contributing to the biggest scam in US history in a long time? This is American money helping them out of a rough situation, not AIG money. Those executives have no right to it and ALL OF THOSE EXECUTIVES SHOULD BE THROWN IN JAIL ALONG WITH THE PEOPLE SIGNING THE CHECKS. Real prison, not some country club. They are all crooks.

    Sorry, I really just wrote to say…great idea…let´s list these people individually so their neighbors can throw eggs at them. But, you have to make sure that you clearly list those few execs who are actually morally sound humans — yeah, the ones who declined to take or keep such a bonus. Way to go for them…if there are any.

  2. suZen says:

    Great idea – I’m all for this exposure. I just joined your blog – we sue’s need to stick together! :)

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