No kidding. AIG begrudgingly cancelled it’s latest planned soiree at the Half-Moon Bay Ritz Carlton in northern California after a huge backlash from us party-poopers, the taxpayers.
On the same day that they received a second multi-billion dollar loan from the Federal Reserve, AIG tried to justify going ahead with their planned retreat for it’s top-producing independent agents but backed down after huge public pressure and a whole lot of bad press.
Us taxpayers are such a buzzkill.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Hey Steve,
Thanksgiving and New Years is just around the corner and we traditionally throw a party for the occassion. Since you seem like an open minded type of guy perhaps you wouldn’t object to me sending the bill for my party to you for payment.
What a bunch of BS. I agree with another post I read, I wasn’t invited to their profitable years why should I participate in their losses? It is a Wall Street problem, let the Wall Street business fund their own follies.
See? It’s carp like this that amazes me.
If that division was the only one that lost money for AIG then where did all the profit from the other divisions go??
Then why did AIG ask for a bailout from us?
If “the guys” made so much money, where’d it go?
Why do the top sales people “deserve” their annual “shindig”? That’s quite a shindig, by the way.
If AIG wants to have a party, why can’t they pay for it themselves? Oh wait, they don’t have any money.
Can’t the employees still go to the competition now that their party is over? The big party was enough to keep them there? Until the next one, perhaps?
heavy sigh…
OK..let me get this straight: You guys have a problem with AIG rewarding it top salespeople with their annual “president’s club” or whatever they call it. First of all, this was contracted and probably paid for over a year ago. Second of all, fiestas like this are attended by top execs but it is really a reward for the guys who have make AIG a ton of money. Remember that AIG’s basic business is fine (selling and underwriting all different types of insurance), it is their wacky finance group in England that got it in trouble.
The last thing we need as taxpayers and bond holders is AIG pissing off their top sales people by not giving them their annual shindig–a well deserved reward common in many industries, not just insurance. Those guys quit and go to the competition, our bonds are worth crap.