$440,000 health spa weekend for AIG big shots
Hey, AIG folks, you just got an $85 billion bailout from the government to help rescue your company. What are you going to do to relax, unwind, breathe that sigh of relief?
How about a trip to this luxurious spa?
That’s what happened. (OK, the trip was planned before the bailout and was a reward for top-earning salespeople; still, the timing looks bad for the company.)
Ever since this financial crisis hit, economic terms like “dead cat bounce” are as popular in search as celebrities.
Full story at MSN
November 16th, 2008 at 8:30 pm
AIG Executives Rack Up a Reported $86,000 Tab During Hunting Trip
First there was the $440,000 American Insurance Group Inc. spent entertaining executives days after receiving an $85 billion lifeline from the Federal Reserve, now it’s $86,000 for a hunting trip in England as the faltering company reaped another $37.8 billion in taxpayer funded loans.
News of the hunting trip emerged Wednesday as New York Attorney General Andrew Cuomo ordered AIG to do away with golden parachutes for executives, golf outings and parties while taking government money to stay afloat.
Source: http://www.foxnews.com/story/0,2933,438681,00.html
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