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PiscesUnbelievable! Bailed Out CEOs' $400k Spa Retreat
"Those executives should be fired," Barack Obama says in presidential debate.
Days after it got a federal bailout, insurance company AIG spent $440,000 on a posh retreat at the swanky St. Regis resort in Laguna Beach, California for its executives. The boondoggle -- all paid for by AIG -- cost nearly $200,000 for rooms, $150,000 for meals, almost $7,000 for golf, and over $23,000 in spa services -- that's some major rubdowns!
Does this make you mad ... or were they were so stressed, they actually needed the massages?
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- 9 Comments
IT DISGUSTS ME! I truly believe that most of us ‘working class’ have never EVER experienced a company ‘retreat’. Seriously, I’m thrilled with a ham or turkey!! and to think that my hard earned $$ is helping to pay for their excessiveness via the bailout! words cannot really express my disgust.
My understanding is that this retreat was an annual event for top performing INDEPENDENT Insurance agents. It was not for AIG Executives and is actually put on by a viable and profitable subsidiary of AIG. Does this change your mind or make you less angry?
It does make me less angry, Kevin, however, it still is a slap in the face. When our school district faced tough financial problems, teachers had to clean classrooms instead of the custodian, alongside doing their regular teaching job, and there were all sorts of ways that we HAD to adjust to having little money. I would at least expect that these top performing independent insurance agents would be able to “live without” their annual retreat, given the financial state of the AIG needing bailout money! Come on!
in these turbulent times, wouldn’t it be plausible that a business person (even though independent, but obviously affiliated with AIG), would stop and consider that this type of retreat would be considered excessive to the general public?
Exactly what Natalie said. I thought right off no matter what all different analysts were saying they should NOT have done any sort of bailout/ rescue. I pretty much knew that the politicians would put their grubby hands in the pot as well (which of course they did), and now they want to give more $ even to these morons & make us all go into banking…and we all know how good the gov’t is with money, so gee…I can’t wait!
I am REALLY amazed though at how everyone does these things even knowing that they are being watched now more than ever, they just go about their greedy, self-centered ways!
I hope that people are starting to realize that actually the Pres. is probably not as important as who you vote into the senate and house! I WISH the media, who constantly tell us how President Bush has one of the lowest ratings ever in history, would tell the American people AT LEAST as often how the rest of them are about 10 points lower even!!!!
We all need to get some worthwhile people who are going to work for US (they’re OUR employees!) into all the positions, and we have to look at the big picture. We should all be responsible ourselves as well!
Many thanks for this post! Still, I received a difficult time viewing this article in IE 7. Just needed to deliver that for your consideration! Many thanks.
Hello.This post was extremely motivating, especially because I was looking for thoughts on this matter last Friday.
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This just proves that this bailout will not work. You can’t just hand people money because THEY WILL NOT APPRECIATE IT. I honestly think that this should be a loan, and the loaner should have COMPLETE control over where the money goes.