AIG CEO says bonuses backlash is the same as racist lynching, is the worst

http://feministing.com/2013/09/25/aig-ceo-says-bonuses-backlash-is-the-same-as-racist-lynching-is-the-worst/

Yeah, totally not the same thing.

The quote from AIG CEO Robert Benmosche:

He told The Wall Street Journal that the outcry over AIG’s 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.”

“It is a shame we put them through that,” he added, referring to those poor employees who got huge bonuses.

…and commentary from the author of the post:

Actually, this analogy is so off base it’s much more than just a poor choice of words. It’s an example of how out of touch with reality someone with way too much economic privilege can be. Benmosche sees himself and other people who got rich off destroying the economy and then got away with it as victims. They see people they robbed blind who protested as a lynch mob. And they’ve gotten away with creating a world where they’re so insulated from the rest of reality by extraordinary income inequality that they can keep seeing the world through this magical, racist lens.

AIG

Image source and article: http://feministing.com/2013/09/25/aig-ceo-says-bonuses-backlash-is-the-same-as-racist-lynching-is-the-worst/

(See the quote in context here: http://blogs.wsj.com/moneybeat/2013/09/23/aigs-benmosche-and-miller-on-villains-turnarounds-and-those-bonuses/)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s