small business 2009
So AIG is looking to pay $165 million in bonuses and compensation. There is a good PR move! Have the government bail you out and then pay millions in bonuses. Talk about a ready made public relations nightmare. Perhaps the company figures that it is mitigating some of the well deserved national outcry by identifying banks that received chunks of the company’s billions in federal bailout funds last year. But what does that accomplish? That’s not so much transparency as it is sharing the blame. AIG was recipient of at least $170 billion in federal bailout money (that’s billion with a B) and received an $85 billion loan from the Federal Reserve.Â
 If there had been no bailout and no loan, there would be no company and thus no bonuses. The bailout and bonuses should have come with that caveat – no bonuses. Bonuses are incentives that are paid out for jobs well done. Or at least they should be. No small business would exist or function under this type of framework. That’s why I’m more convinced than ever that small businesses are what can, and hopefully will, turn the economy around and set the country back on course. Because there is not a huge bureaucracy in which to hide, small businesses, by their very nature, are forced to be much more transparent. Because there is little or no fat to absorb poor decisions, small businesses must function properly and turn a profit in order to survive, much less thrive. We have seen that big is not always better. In fact if recent history is to be our guide, it seems to be a ready made recipe for failure. This is not always the case, but seemingly more often than not. So, if the small business community takes the lead and makes its voice heard, perhaps we’ll look back at this economic mess we find ourselves in and see that it served a purpose.
Copyright © Anthony Mora 2009
About the Author:
Anthony Mora began his media career as a freelance journalist for such
publications as Us, Rolling Stone and other local and national
publications. He served as editor-in-chief of two Los Angeles-based
entertainment and lifestyle-oriented publications, and co-founded Phillips & Mora Entertainment, a public relations and personal management company, which ventured into video and film production.
In 1990, Anthony formed Anthony Mora Communications, Inc. a Los
Angeles-based media relations company that specializes in media placement, image development, and media training. AMC Inc. has placed clients in: Time, Newsweek, 60 Minutes, CNN, The Wall Street Journal, The Oprah Winfrey Show, The New York Times, Los Angeles Times, and other local, national, and international media outlets.
Anthony has been featured in: USA Today, Newsweek, The New York Times, The Los Angeles Times, The Wall Street Journal, The BBC, CNN, Entrepreneur, Fox News, MSNBC, and other media. He has written three books. The most recent, “Spin to Win,” is a step-by-step guide on how to define goals and utilize the power of the media to achieve success in any field. Practical and user-friendly, “Spin to Win” can be utilized by heads of major corporations, small business owners, and entrepreneurs.
Article Source: ArticlesBase.com – Small Businesses – The Aig Antidote
National Women’s Small Business Month 2009
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