Stas Bush wrote:Guardsman Bass wrote:Stas Bush wrote:As for his AIG job, what exactly is "unproven"? He was on the board of directors from 2001 to 2008, when AIG engaged in the speculation that later caused it to collapse and require billions of state funds to "save" it. You cannot be on the board of directors of a large corporation and not know about the speculation it runs.
"Knowing" is not the same thing as having influence over it, assuming he even knew much about it (from what I've been reading, AIG was a very fragmented business, with little in the way of communication and coordination amongst its various departments even before Hank Greenberg was ousted from the CEO). As I mentioned earlier, US companies would do this all the time, offering board positions to former politicians in the hopes that it will bring better connections in Washington. It doesn't mean that they play any serious role in the top-level decision-making.
I have to echo IP - if CEOs really don't know what the fuck is going on in their company, why the hell are they getting enormous sums of money at all? And "very fractured company" is a common defence which always rises when the company collapses and it is time to shift the blame. "Distributed blame" is actually very efficient. More efficient than distributed risk, that's for sure.
It was true in the case of AIG. The company's separate departments and investment vehicles were a poorly coordinated, loosely tied mess. What coordination there was primarily happened through the CEO Hank Greenberg, and when he was ousted in 2005, his successor had a lot of trouble because he only had a limited picture of what was going on in the whole company.
Stas Bush wrote:
If U.S. companies offer politicians positions for lobbying, they offer a paper title or a real title with powers, responsibility and information access that a board of directors member is entitled to? If they do not give any information or decision-making power to such people, this is a malpractice, because it means people who know fuck nothing about management are being in positions of management. And in any case it does not relieve one of formal responsibility, much less so of the moral one.
I bolded the correct answer. As I've said a couple of times, big companies do this all the time, giving what is more or less an honorary position on the Board of Directors to former politicians and important political officials, in the hopes that it will improve their connections in Washington. It doesn't mean that they actually have any influence over the company's business.
Stas Bush wrote:
I'm not sure how this defence helps someone's reputation. Either he was a know-nothing in a position of power and was a willing tool of the AIG execs, in which case his rep goes down in my eyes, or he was a willing and knowledgeable accomplice and perpetrator, which is also not good.
"Know-nothing" with little power is probably the correct answer.
Illuminatus Primus wrote:
Don't take the money and be a public figure and not want people to ask? Why didn't you do anything for the shareholder, much less public interest? Oh I forgot, U.S. privilege insiders have a sovereign right to take money and give Reagan-type replies when you ask what the fuck for.
Who said anything about not asking? I'm not criticizing you for questioning Holbrooke's role in the AIG fiasco - I'm just pointing out that his role in the decision-making process for the company was probably minimal.
Illuminatus Primus wrote:What's amazing is why you can't imagine why me or the average American might feel like a sinecure piece of shit like Holbrooke sitting on the paper board for years and collecting on it owes none of the moral obligations that office-holding does for, well, normal people.
AIG was a shareholder-owned company, and its primary responsibility was to those shareholders. If they and the Board of Directors they supported feel like Holbrooke was worth X amounts of money to have on their board, then that's their choice.
Illuminatus Primus wrote:*snip* IP being a broken record
Thanas has done a much better job of questioning this. What matters is whether or not Holbrooke was actually involved in the
decision-making process on East Timor and Indonesia, or whether he was just the ambassador. I've yet to see you actually post any evidence that he was - you just keep repeating the same thing over and over again.
Illuminatus Primus wrote:Yeah, and people like you still probably wonder how come history repeats itself over and over and over again with crises and corporate habits of exactly the type in 2007. Because not only is what you describe the positive reality, but ideologues are hard at work convincing people its not only the only way to do things, but the best way! What could possibly go wrong from so distantly connecting responsibility and remuneration?
I fail to see how paying an ex-politician to sit in what was probably a more or less honorary position on their board somehow represents a fatal flaw in the decision-making process of these companies. Turns out big companies like to improve their influence in Washington - what a shock.
Illuminatus Primus wrote:Right. Yeah this exactly the kind of line the party line has on official enemies like the Soviet Union. You're right. No one ever uses this kind of reasoning, or even bothers to go to such lengths to apologize for anyone UNLESS they're powerful, well-connected, and privileged in the West. Then you just have show some rictus grin and liberals everywhere will emerge from the woodwork to pen apologia for you.
Thanas pointed out why this reasoning spared many of Nazi Germany's ambassadors from the noose. Were they "well-connected" and "privileged" in the West?
Illuminatus Primus wrote:Can a liberal give me at least the theoretical standard by which a U.S. diplomat has to apologize for, lie about, facilitate, or do in general before you are allowed to uncontroversially state say he's a sack of shit who doesn't deserve to be mourned?
There is no hard standard on such things, since most politicians are associated with both negative and positive events. Did you have the illusion that there was? Because if you did, I mourn for the sorry state of whatever political education you've been receiving.
Illuminatus Primus wrote:What else would Holbrooke have needed to do? Is it because they're South Asians? I realize these aren't quite as sexy or human victims as Jews, but I'm tryin' to work with you.
So you've stooped so low as to accuse your critics of being racists who viewed the East Timorese as sub-human and not worth giving a shit about when they get slaughtered. Go fuck yourself, along with your strawman arguments, evasions, and ad hominem attacks.
Illuminatus Primus wrote:What exactly is "ambiguous" about it?
Holbrooke's role in the decision-making on East Timor and Indonesia. Unless you have some actual evidence that he was involved in the decision-making process for the US's policy.
Illuminatus Primus wrote:If I'm strident, maybe its because every time I criticize an American, I have to post a fucking dissertation to even be controversially heard out. If I were to criticize some official enemy like Iran, Hezbollah, or (here) the Republicans, I wouldn't have to wiggle all ten fingers, and everyone knows it.
Are you talking about here at SDnet, or elsewhere? Because most of the time when you post your typical thread-derailing rants here, either nobody gives a shit, or they me-too.