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Old 10-15-2008, 06:42 PM
 
939 posts, read 3,182,437 times
Reputation: 619

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The Associated Press: AIG executives spent thousands during hunting trip

"CHARLOTTE, N.C. (AP) — A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan from the Federal Reserve."

These people should be fined, fired, and prosecuted.
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Old 10-15-2008, 06:53 PM
 
Location: Some place very cold
5,500 posts, read 20,967,730 times
Reputation: 4253
Yup, I agree.
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Old 10-15-2008, 07:58 PM
 
Location: Great State of Texas
86,068 posts, read 76,777,953 times
Reputation: 27652
Life goes on for the big Execs. No guilt, no shame, NO CHARGES !
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Old 10-15-2008, 10:01 PM
 
Location: Heartland Florida
9,324 posts, read 24,717,481 times
Reputation: 4969
So when does hunting season open on the aig execs?
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Old 10-15-2008, 10:16 PM
 
Location: West Michigan
654 posts, read 3,223,857 times
Reputation: 573
Commence Exec hunting season!!
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Old 10-15-2008, 10:31 PM
 
2,541 posts, read 10,675,024 times
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in the article, AIG execs said it was an annual thing for AIG Customers

anyone here an AIG customer, or know someone who is that actually went to this?

just want to verify
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Old 10-16-2008, 05:07 AM
 
Location: Concrete Vietnam
43 posts, read 158,509 times
Reputation: 26
I was there and it was so fun. We played limbo and danced to the Macarena

no really, they should be fired
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Old 10-16-2008, 07:36 AM
 
Location: Raleigh, NC
9,043 posts, read 12,026,224 times
Reputation: 1395
What's funny was that Neal Boortz actually approved of the outings, saying that if the government controlled how they used the money, the business would certainly fail. Of course his news correspondent mentioned that it wasn't just employees who went on the previous retreat, but clients as well, on the taxpayer dime.

Of course, what the idiot doesn't realize is that businesses who are in such deep hock and using the essentially free money provided by the taxpayers are actually going to be looser and less efficient with it.
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Old 10-16-2008, 07:51 AM
 
Location: Beautiful Lakes & Mountains of East TN
3,454 posts, read 6,857,382 times
Reputation: 874
What a great precedent we're setting with AIG. How long until others sign up for the free ride?

For the love of God, if we're going to be bolstering these companies with our money at least they should show some modesty. Whatever govt agency wrote up the agreement they signed to borrow the money, should have included clauses that prohibit waste like this, at least until they're solvent again.
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Old 10-16-2008, 12:18 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,869,545 times
Reputation: 8068
Quote:
Originally Posted by HappyTexan View Post
Life goes on for the big Execs. No guilt, no shame, NO CHARGES !
Yeah, you'd think that 99.9% of Americans loathing them for what they're doing would make some sort of little dent in their consciences, but nope.

I think Bailout 1 failed partly because Bush didn't want to set any limit on executive pay increases, didn't it? Well, the execs are going to get their pound of flesh one way or another.
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