Wednesday, April 1, 2009

Double standards at work?

I happened to read a NYTimes article here with regards to someone resigning from A.I.G. As suspected, this A.I.G fiasco has gone way too far. I really think that some opposition parties just like to be in the news or something.

Using an analogy, there's a Division A within a Company. There are 2 departments, department A1 and department A2. A1 is making decent profits, but A2 lost a lot of money, and the company has to borrow a lot of money to keep itself afloat.

In this case, why the people from department A1 are not able to get any form of bonus? Their department is doing well, and the losses from A2 has nothing to do with them. The bonus most likely come from their own department A1 profits. So does that mean that since the whole division is losing money, then department A1 cannot get their rewards?

This reminds me of the state of economy in that same country. One sector is doing very badly, causing a global economy collapse. The rest of the people not from that sector refuse to help them, saying that they should collapse instead, and that they should not use their money to help them.

See the similarities? At one side, you're saying that you can't pay bonuses since the whole company in trouble, and at the other side, you're saying that the sector fallout has nothing to do with the main street people, and that their money should not be used to finance their survival.

Double standards at work?

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