Irreplaceable

Former heads of AIG are claiming that they wrote these bonuses into top executive contracts because they were afraid they would all jump ship at the same time and no one with critical company knowledge would be able to steer the ship. In other words, the top brass was irreplaceable. This doesn't happen only at AIG.

I find that hard to believe. Lets be realistic, most of us are replaceable when it comes to our jobs. If we were to quit today, guess what, the company would survive. But in Corporate America (and in State Gov.) the top brass design the organization so they do become irreplaceable. Proper planning and cross-training never occurs at the top level so when the bottom falls out, top brass backs the company into a corner and demands big bonuses.

Do you think Corporate America (or State Gov.) will learn from this mistake?? I don't think so. That would be like throwing a blank check into the fire.