An memo to the execs at AIGFP who are set to receive retention bonuses

March 18, 2009

I have been listening to the hearings today at the Financial Services Committee at AIG, and I have some advice to the people who have received bonuses:

Pay them back. Quickly!

Then hurry down to Washington and give your testimony. By doing so, you would turn what is a moral outrage, and personal weakness into a position of moral strength.

Now is the time to give up personal gain and to do the right thing.

The upside could be huge, as you would probably earn the gratitude of: Congress, the Federal Reserve, the Treasury, Tim Geithner, Edward Liddy, Henry Paulson and Ben Barnanke.

The downside? Well, if Congressman Barney Frank has his way, your name is about to be blasted across every media outlet anyway. Now is the time to get ahead of the curve.

http://online.wsj.com/public/resources/documents/liddy2009318.pdf

I’m a Zurich based investor. Since 1997, I’ve managed a privately offered investment fund known as the Aquamarine Fund.

I am also the author of a book titled The Education of a Value Investor, which was published in 2014.

As I wrote in my book, we are all a work in progress. This site documents my ongoing quest for “wealth, wisdom and enlightenment”.

I have created a /now page – inspired by Derek Sivers

I’m a Zurich based investor. Since 1997, I’ve managed a privately offered investment fund known as the Aquamarine Fund.

I am also the author of a book titled The Education of a Value Investor, which was published in 2014.

As I wrote in my book, we are all a work in progress. This site documents my ongoing quest for “wealth, wisdom and enlightenment”.

I have created a /now page – inspired by Derek Sivers

ARCHIVES

Guy Spier interviews

Georgina Godwin interviews