The AIG Spa Response

Posted: October 8th, 2008 | Author: Catherine | Filed under: General | Tags: , , , , |

In the midst of a financial crisis and massive bailout, part of the American International Group’s (AIG) response is… golf. It is a resort retreat that cost $440,000 and included spa treatments and banquets, along with the golf:

“The White House said on Wednesday it was “despicable” that American International Group Inc. executives spent hundreds of thousands of dollars on a posh California retreat just days after getting a federal bailout.”

link: White House Assails AIG Spending Spree

It would be illuminating how AIG can justify this. Are there no consequences to this type of behaviour?

Catherine Forsythe

One Comment on “The AIG Spa Response”

  1. 1 john said at 5:36 pm on October 13th, 2008:

    Heck we gave them a blank check right? What did we expect these guys to do with the billions of dollars we gave them w/o any oversight of any kind, give it to the poor or something?

    btw GREAT to see you back at this sight again Catherine

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