WTF: After Bailout, AIG Execs Head to California Resort. $440,000 for Retreat Including "Pedicures, Manicures"

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    Oct 08, 2008 12:33 AM GMT
    Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.

    http://abcnews.go.com/Blotter/story?id=5973452&page=1


    Are these people crazy!?
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    Oct 08, 2008 12:40 AM GMT
    Hey, it's hard work hiding things from auditors that would have exposed how far in the toilet they were.
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    Oct 08, 2008 12:54 AM GMT
    If true, that disgusts me. I was raised moderately wealthy, but instilled with a sense of Spartan simplicity. Ostentatious displays of wealth & privilege are un-American, and more so if it's someone else's money you're spending.

    Wealth is the reward of hard work & success, to be shared with others less fortunate. To indulge one's own vanities is repugnant to me. I suspect these executives come from very modest backgrounds, that they would be so dazzled by the temptations of wealth & privilege.
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    Oct 08, 2008 7:50 AM GMT
    That is what is known as being "politically tone deaf". Very stupid.
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    Oct 08, 2008 8:18 AM GMT
    I like what Obama said tonight in the debate about these people ..
    Obama debateAnd, in fact, we just found out that AIG, a company that got a bailout, just a week after they got help went on a $400,000 junket.
    And I'll tell you what, the Treasury should demand that money back and those executives should be fired. But that's only step one. The middle-class need a rescue package. And that means tax cuts for the middle-class.
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    Oct 08, 2008 10:40 AM GMT
    ActiveAndFit saidI like what Obama said tonight in the debate about these people ..
    Obama debateAnd, in fact, we just found out that AIG, a company that got a bailout, just a week after they got help went on a $400,000 junket.
    And I'll tell you what, the Treasury should demand that money back and those executives should be fired. But that's only step one. The middle-class need a rescue package. And that means tax cuts for the middle-class.

    We'll see if anybody gets fired....without a severance package!
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    Oct 08, 2008 12:47 PM GMT
    If only we knew who the majority share holders were, we could urge them to fire the bastards.... oh wait, it is the American people! Sweet.
  • Timbales

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    Oct 08, 2008 1:04 PM GMT
    You need to have nice looking feet when you are dancing on the shattered dreams of people.
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    Oct 08, 2008 1:40 PM GMT
    Better yet you need to have freshly waxed legs as you leap and spin all over the LAW! This is MADESS! I love the blame game...you are all guilty!

    I wish I could break the law like that and still come out on top so to speak!

    Go you boys and girls at AIG!

    I wonder what UNUM is doing I need to check! icon_biggrin.gif
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    Oct 08, 2008 1:55 PM GMT
    Red_Vespa saidI suspect these executives come from very modest backgrounds, that they would be so dazzled by the temptations of wealth & privilege.


    I don't think the propensity for being "dazzled by the temptations of wealth and privilege" is reserved for those of modest backgrounds. The wealthy are as enamored by and arguably more attached to the ideas of wealth, privilege and power. In fact, I would argue that many (if not most) people from wealthy backgrounds feel a sense of entitlement to those things.

    The whole retreat debacle seems to be a manifestation of entitlement. If you asked any one of them during their brow waxing, or swedish massages if they thought they deserved it, 99% would say yes.

    There's an obligation to acknowledge that there are, in fact, people who deserve the wonderful things they have-- who have worked hard and overcome obstacles to get where they are. They deserve to enjoy the fruits of their labors without guilt. In AIG's case, however, on the company dime, it seems excessive, irresponsible and blatantly gluttonous.