Phillip Greenspun says, “We (the taxpayers) own AIG. We should fire the top 20 managers immediately as an example to the rest. They should be replaced with people who have never been employed by AIG… Is it risky to replace the top management of a company? We voters do it every 4-8 years for the U.S. government, a vastly more complex operation than AIG.” I’ve been thinking the same thing. There’s some strange notion floating around that these people are indispensable. They’re not, Harvard graduates thousands every year.
Yesterday John Gruber applied a Disney quote to blogging: “We don’t make movies to make money, we make money to make more movies.” Try to apply this to banking without laughing.
