10-07-2008, 02:43 PM
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Registered User
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Join Date: Feb 2002
Posts: 2,292
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Hogs at AIG
These people must be from another planet. How could they be so out of touch?
Quote:
AIG executives went on luxurious retreat one week after receiving $85 billion bailout.»
Today, the House Oversight Committee discovered that, just one week after the federal government bailed out insurance giant AIG, company executives went on a retreat to a luxury resort. The executives spent nearly $500,000 on manicures, facials, pedicures, and massages, among other things. During a hearing today, Rep. Elijah Cummings (D-MD) asked, “Have you heard of anything more outrageous?”:
CUMMINGS: "Let me describe for some of you the charges that the shareholders, taxpayers, had to pay. AIG spent $200,000 dollars for hotel rooms. Almost $150,000 for catered banquets. AIG spent $23,000 at the hotel spa and another $1,400 at the salon. They were getting manicures, facials, pedicures and massages while American people were footing the bill. And they spent another $10,000 dollars for I don’t know what this is, leisure dining. Bars?"
The Gavel has more details of the total bill, including a copy of the invoice documenting AIG’s luxurious retreat.
http://thinkprogress.org/2008/10/07/aig-luxury-retreat/
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It's outrageous. Such a sense of entitlement. Speaking of which, I wonder how many of these executives have supported more traditional government entitlement programs, you know, the ones intended to help the poor and disadvantaged.
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