For 700B, you too can go to a luxury resort...

ppar3566 said:
@GP
I think all CEOs are greedy in the respect that we are all greedy. I think what does fail to get said is that CEOs are largely at the mercy of their shareholders who want money now and are willing to talk with their feet if they don't get it. In essence CEOs (like all of us) get stuck in our own "presinors dilemma". In other words "it would be nice to not take on bad debts and rather focus on long term profits but ABC bank down the road did and they just made $billion, gosh now I need to do it or we won't be able to compete with their dividends this finacial year and our share price will plumet and i will get fired". In the words of Nick Haraway this is how kindly old Joe next door becomes the meanist, most profit driven, greedy boss on earth (pencil neck A+).
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Do you know any CEOs?
 
Gods_Peon said:
Do you know any CEOs?
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Well yer I know a few, nice people on the whole (I work in business consulting). I am not sure it is me that you should be getting at. I thought I was replying in agreement to what you were saying in your original post- i.e. they are no different from you and me and so we shouldn't lump all the blame on them alone.
 
Gods_Peon said:
Was simply a question, if you knew any. Don't take it any other way.
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Srry if i took it different to the way you meant. It was just that I thought I was agreeing with you and then I get a one sentence response that I took to imply I didn't know what i was talking about......maybe a bit more context to the question next time would help.

In any case, yes i have known a few, but most were CEOs of middle sized organisations in finance and consulting. In relation to the whole prisioners dillema thing that is just text book game theory that is used to explain why good CEOs often make bad choices.
 
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Oh btw...don't fool yourselfs into thinking this is an America only problem. Banks in Brittian and Iceland and across Europe and Asia are all having the same issues and are going bankrupt over the same subprime lending policies and the economic failure is global, not just localized to the USA.

There is no "only is USA" solution, the only way is global. I wouldn't be too suprised to see a one world bank come out of this, rising out of the country securing most of America's debt: China. Just a thought.
 
ppar3566 said:
Srry if i took it different to the way you meant. It was just that I thought I was agreeing with you and then I get a one sentence response that I took to imply I didn't know what i was talking about......maybe a bit more context to the question next time would help.

In any case, yes i have known a few, but most were CEOs of middle sized organisations in finance and consulting. In relation to the whole prisioners dillema thing that is just text book game theory t hat is use to explain why good CEOs often make bad choices.
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Good CEOs tend to make bad choices when they believe they can do better then God can do. Its possible to make a bad choice when trying to follow Gods wisdom but on the whole I don't believe any company that has a God fearing CEO at the helm has been caught up in all this.
 
...UPDATE: i called st regis...they're trying to find a manager to see if AIG will pick up the bill...
 
lawl...for reals...this was tough to do without busting out laughing...been on the phone setting up the reservation for 20 min...i swear...being out of town leaves me very little to do and i'm insanely easily amused...
 
and doing a quick little amount of math...as i see it, they owe every tax paying household about 1-1.5 night's stay at their hotel (ocean view room of course)...

and on a final note...they said they'd hold the room for me until the 17th, which was the day of my reservation...but without receiving a deposit from AIG they'd cancel it, soooo....


not to be overly immature, but if you so happen to feel like calling them to book all of their remaining rooms...that would be sweet
 
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