Sunday, March 15, 2009

Cognitive Dissonance

Think Progress » Bailed-out AIG doles out $165 million in bonuses.
Tim Geithner had urged AIG’s chief Edward Liddy to renegotiate the payments, but Liddy said he had “grave concerns” about the impact on the firm’s ability to retain talented staff.
AKA "Retard Syndrome": When your bank fails more spectacularly than was ever thought possible, and you still believe your entire workforce is "talented".

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