Tuesday, March 17, 2009

Sen. Grassley's suggestion for AIG executives

In a statement that showed how his deep respect for life was matched only by his equally deep respect for other cultures, Sen. Charles Grassley yesterday said that AIG executives should "follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."

Sen. Grassley today backtracked from those comments but continued to offer keen insights into Japanese business practices. "Japanese CEOs either go out and commit suicide, and probably in most cases they don't, and when they don't they come before the public and bow very, very deeply, and express regret, and may resign or may stay on, but the point is they accept full responsibility."

Grassley may have gotten those insights from this deli owner.