Rewarding Irresponsibility - AIG Executive Post Bailout Retreat (GALLERY)

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Sandra Winn
On: Oct 8, 08
235 Trends
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Rewarding Irresponsibility [Edit]

AIG Executive Post Bailout Retreat


Rewarding Irresponsibility - AIG Executive Post Bailout Retreat (GALLERY)
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Rewarding Irresponsibility - AIG Executive Post Bailout Retreat (GALLERY) 1,678 Views - Click for Gallery

Just how does AIG deal with high level employees who were irresponsible and lied in the books, so much so that American taxpayer dollars were used to save their collective assets?  Why, you give AIG Executives a post bailout retreat at one the world’s most luxurious resorts, St. Regis in California.

In less than one week after the government bailed out AIG, which will cost taxpayers a whopping $85 billion, AIG spent $440,000 to pamper and coddle their top executives.  Immaculate greens for golfing, quaint poolsides, luxury dining, rooms in which a family of five could live comfortably, peaceful spas, and a plethora of other amenities were enjoyed.

Just the other day I read a story of a single mother who makes $9.25 an hour who, after paying bills, has less than $20 a week to feed her and her two children.  A couple of days ago, a father killed his mother-in-law, wife, three children, and himself because he couldn’t find a job.  Another story was of an elderly woman who shot herself (she lived) just as officials were on their way to foreclose on her home. 

Yet, employees of one of the companies responsible for the financial downfall of not only America’s economy, but that has had a ripple affect on the financial markets of the world, were off on a dream retreat that cost more than most poor Americans make in a life-time.  I for one, am outraged.

"Average Americans are suffering economically. They're losing their jobs, their homes and their health insurance," House Oversight Committee Chairman Henry Waxman, D-Calif., scolded the company during a lengthy opening statement. "Yet less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation." (foxnews)

Via: foxnews  


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Comments:


Yeah it happens. C level bosses think these trips are "owed" them because they make the tough decisions. Yeah, right. They just don't have a CLUE.

By: Going Like Sixty on Oct 8, 08 | 2,663 Trends | 656 Comments

Have No Cs & must pay I say seize assets for Cash collaterral owed from bailout, Yes those CEOs & those in Congress MUST Pay for this Mess since 1999. Yes this Mess began under Clinton. Homes for the minority program. & we now Pay UP. Thank the Dems & Wall St.

By: rocketranger on Oct 9, 08 | 0 Trends | 2,555 Comments



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