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Tuesday,
October 22, 2008
(Cont'd from
above)...
Jim:
Liddy’s inept
management… his
inept management was
only eclipsed by his
cluelessness and
deciding to resign
may be the only
decent decision that
he has made as AIG’s
top dog… even
though, he is widely
considered to be
well too ridiculed
by me… I do not
know, he made a lot
of mistakes.
Normally, I do not
put freshman CEO’s
on the Wall Of
Shame… but Liddy who
only took the job 8
months ago, is a
real record breaker…
by the way, third
guy from AIG that I
have had to put on
the wall… Liddy’s
departure is good
for the company… but
not to me… nothing,
I repeat, nothing
could make AIG’s
common stock worth
owning… I repeat
nothing… it is a
zombie… and just
like Scooby-Doo on
zombie island, this
time the monsters
are for real… and
the fact that the
common stock has not
been cancelled or
delisted is a
travesty… and a
testament to the
greed of the brokers
and the New York
Stock Exchange…
which loves the
volume that it gets
from foolish
investors trading
this joke as a
security.
Let’s have a big
nice job for taking
a horrible situation
and making it even
worse, so long, and
do not come back
booyah for Ed Liddy…
and with that…. wow,
the wall seems
mighty empty… what
did everybody
suddenly get smart
all of a sudden…
now, that is not to
say that there are
not CEO’s out there
that are not worthy
of the coveted spots
on the Wall of
Shame… it is a
chance for rehab…
the wall has been
known to straighten
out a CEO or two… or
at the very least,
make them realize
that they have not
been spending enough
time with their
families.
Cramericans I need
your help… email me
at madmoney@cnbc.com
and tell me who you
think belongs on
the Wall of Shame…
and why… and do not
be shy.
[verbatim recap]
[end of segment]
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