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Small Business Think Tank [This Network is not currently active and cannot accept new posts] | | Topics
AIG OutrageViews: 147
Apr 06, 2009 8:18 pm : re: AIG Outrage

Kathy Buck
I'm not saying any of the bonuses are undeserved, though I have no proof I'd reckon many worked hard to obtain though bonuses.

My issue in tax dollars supporting ANY further bonuses is this:

From ABC News 2008
"Martin Sullivan, the AIG CEO until June, said the company was overwhelmed by a "financial global tsunami," and that "no simple or single cause" was to blame. "

A Tsunami eh?

Please now explain why 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.

Investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges. 23k in Spa charges? I guess some nails got broke scratching the US taxpayers eyes out.

These executives should be thrown in jail for taking an exclusive retreat on mine (and your) f***ing dime.

I need a retreat from the tsunami too. Oh look, some change in the couch cushion -

I've worked for CEO greed whores. Several years ago one such CEO made an investment in a big golden carrot. I guess a tsunami hit then. I was the last of management to jump ship. Six months later - sales staff gone, ALL software engineers and programmers on a as needed contract basis, IT service gone. NO one got any bonuses. Meanwhile CEO buying new office furniture, cars, etc.

The people due contracted bonuses are victims of corporate greed. No tax payer should have to carry that weight. the money for the retreat should have been used to pay some bonuses due. IF that would have happened I might have a bit more compassion for AIG.



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