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Wednesday, September 17, 2008

Rise and Shine

Good Morning and welcome to another Wednesday!

Phillies Hall-of-Fame third baseman Mike Schmidt once said in Philadelphia you can experience the thrill of victory and the agony of reading about it the next day.
Schmidt, until he was at the tail end of his career, was no friend of the media. Much like other superstars, he hid after games, rarely talking.
Schmidt wouldn't be able to leave his house if he played today. The proliferation of sports talk radio has taken the fun out of the games. You can just watch the game and enjoy it for what it is, a break from normalcy. The next day, though, don't turn on the radio unless you want to hear about how bad it really was. Had it on in the car for about five minutes Tuesday and actually heard one of the hosts say the Phillies should cut or trade Ryan Howard in the offseason because he's no longer helping the team.
As someone says, 'Genius.'
Speaking of genius, how about the government giving $85 billion to AIG so the insurance company can stay afloat.
While we on the ground struggle with food prices, heating prices and the general overpricing of everything, these big companies are getting bailed out.
How about if I petition the government for money so I can remain solvent?
By the way, AIG's CFO Steven J. Bensinger took home a salary of $2.1 million last year. Meanwhile, former CEO Martin J. Sullivan got a $4.7 million severance package when he was forced out last year. Current CEO Robert Willumstad, who is rumored to be on his way out after the buyout, got an annual salary of $1 million, but took home a reported $21 million in bonuses and stock options once worth $36 million.
They need saving? How about this, instead of bailing out these companies make the greedy execs reinvest their money until the company becomes solvent. That's the way it works in the real world.


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