After bailout, AIG spends $440,000 for retreat to spa for executives
 
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After bailout, AIG spends $440,000 for...Expand / Collapse
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Posted Thursday, October 09, 2008 10:04 AM




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Last Login: Monday, November 17, 2008 5:55 PM
HURRICANE!!! (10/9/2008)
It's all good.

Signed,

AIG Executive.

Actually, here is a pic released from the meeting...

http://upload.wikimedia.org/wikipedia/commons/f/f5/Woodstock_redmond_hair.JPG

Dude, that is an old picture. I don't have an afro anymore.




Post #642026
Posted Thursday, October 09, 2008 10:19 AM




Group: Forum Members
Last Login: Thursday, October 30, 2008 10:52 AM
Bailouts are nothing new. We bailed out Chrysler in the 80's and it was taken over by Lee Iacocca and Chrylser paid back the "Bail out". Who is to say that AIG won't do the same thing?



“Vegetarian" —

 Old Indian Word For Bad Hunter.

Post #642036
Posted Thursday, October 09, 2008 1:49 PM




Group: Forum Members
Last Login: Saturday, November 15, 2008 7:39 AM
FBT (10/9/2008)
cunninghamj (10/8/2008)
The AIG execs that got the vacation had nothing to do with why AIG needed bailed out.  To be honest, the people who got this vacation were the execs on the side of AIG that made money.  AIG better do all they can to keep those people employed.

Perception trumps reality in a situation like this.  A little common sense should have been practiced coming off the heels of the initial bailout.

There are other more discrete ways that AIG could have shown some level of appreciation to these executives that wouldn't have carried such a negative connotation for most common folk (aka the taxpayers that are on the hook to the tune of $2300 to every man, woman, and child for this entire bailout package).

I would like to know one person here that would have turned this down.  These people made the company money...even if AIG went bankrupt and the government did not bail them out certain parts of the company would have survived.



Self-praise is for losers. Be a winner. Stand for something. Always have class, and be humble.
John Madden

Member of Jaguar nation and season ticket holder since Day 1

Post #642180
Posted Thursday, October 09, 2008 2:09 PM




Group: Forum Members
Last Login: Thursday, October 30, 2008 9:19 PM
BJORN TOURAQUE (10/9/2008)
[quote]HURRICANE!!! (10/9/2008)
It's all good.

Signed,

AIG Executive.

Actually, here is a pic released from the meeting...

http://upload.wikimedia.org/wikipedia/commons/f/f5/Woodstock_redmond_hair.JPG[/quote]

Dude, that is an old picture. I don't have an afro anymore.

wow.... you do look different

http://www.orlandosentinel.com/media/photo/2007-10/33408321.jpg



Post #642189
Posted Thursday, October 09, 2008 9:56 PM




Group: Forum Members
Last Login: Thursday, October 30, 2008 11:20 PM
The Drifter (10/9/2008)
Bailouts are nothing new. We bailed out Chrysler in the 80's and it was taken over by Lee Iacocca and Chrylser paid back the "Bail out". Who is to say that AIG won't do the same thing?

You have way more confidence than I do.



Without Sidelines, life has no boundaries. R.I.P.

Post #642673
Posted Thursday, October 09, 2008 10:46 PM




Group: Forum Members
Last Login: Friday, October 31, 2008 2:34 AM
cunninghamj (10/8/2008)
the Chiefjag (10/8/2008)
cunninghamj (10/8/2008)
The AIG execs that got the vacation had nothing to do with why AIG needed bailed out.  To be honest, the people who got this vacation were the execs on the side of AIG that made money.  AIG better do all they can to keep those people employed.

While that may be true, the reality of the situation is the company is being bailed out by the taxpayer and any impropriety or luxury by AIG management ought to be considered abusive and conceited.

Had the taxpayer (read: the government) not bailed out AIG even these executives in the profit making entity of AIG would not have been able to treat themselves to this luxury because the company would have been bankrupt.

Regards..............the Chiefjag

So the answer is to fire the executives of one of the profitable entities in the firm?  While I think they went a little overboard, people do get compensated for performance.  They performed well and received the benefits of that. 

If I were the top management of AIG I would want to keep those people happy and continue making money for me.  It was an already planned event and they followed through with that plan after the bail out.  It wasnt a decision with the thinking that the US government just gave us 85 billion, lets see how quick we can spend it.

 

Moral of the story, company going down?  Screw you I got mine!




Too bad the price of experience is getting old!

2006 and 2007 AFC South Pick'em Champ!

Original Season Ticket Holder

Post #642727
Posted Thursday, October 09, 2008 10:59 PM




Group: Forum Members
Last Login: Thursday, October 30, 2008 11:20 PM
AIG plans meeting at California Ritz-Carlton resort next week.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aigH2Uop_fSQ&refer=home



Without Sidelines, life has no boundaries. R.I.P.

Post #642738
Posted Thursday, October 09, 2008 11:00 PM




Group: Forum Members
Last Login: Friday, October 31, 2008 2:34 AM
cunninghamj (10/9/2008)
FBT (10/9/2008)
cunninghamj (10/8/2008)
The AIG execs that got the vacation had nothing to do with why AIG needed bailed out.  To be honest, the people who got this vacation were the execs on the side of AIG that made money.  AIG better do all they can to keep those people employed.

Perception trumps reality in a situation like this.  A little common sense should have been practiced coming off the heels of the initial bailout.

There are other more discrete ways that AIG could have shown some level of appreciation to these executives that wouldn't have carried such a negative connotation for most common folk (aka the taxpayers that are on the hook to the tune of $2300 to every man, woman, and child for this entire bailout package).

I would like to know one person here that would have turned this down.  These people made the company money...even if AIG went bankrupt and the government did not bail them out certain parts of the company would have survived.

 

Look no further!  I have to look in the mirror every morning when I shave.  Were I to work for a company that accepted millions of tax payer dollars to save said company, (regardless of how my department did) how could I then go on a junket and face myself in that mirror?  How could anyone justify it?




Too bad the price of experience is getting old!

2006 and 2007 AFC South Pick'em Champ!

Original Season Ticket Holder

Post #642739
Posted Thursday, October 09, 2008 11:03 PM




Group: Forum Members
Last Login: Thursday, October 30, 2008 11:20 PM
copycat781 (10/9/2008)
cunninghamj (10/9/2008)
FBT (10/9/2008)
cunninghamj (10/8/2008)
The AIG execs that got the vacation had nothing to do with why AIG needed bailed out.  To be honest, the people who got this vacation were the execs on the side of AIG that made money.  AIG better do all they can to keep those people employed.

Perception trumps reality in a situation like this.  A little common sense should have been practiced coming off the heels of the initial bailout.

There are other more discrete ways that AIG could have shown some level of appreciation to these executives that wouldn't have carried such a negative connotation for most common folk (aka the taxpayers that are on the hook to the tune of $2300 to every man, woman, and child for this entire bailout package).

I would like to know one person here that would have turned this down.  These people made the company money...even if AIG went bankrupt and the government did not bail them out certain parts of the company would have survived.

 

Look no further!  I have to look in the mirror every morning when I shave.  Were I to work for a company that accepted millions of tax payer dollars to save said company, (regardless of how my department did) how could I then go on a junket and face myself in that mirror?  How could anyone justify it?





Without Sidelines, life has no boundaries. R.I.P.

Post #642744
Posted Thursday, October 09, 2008 11:03 PM




Group: Forum Members
Last Login: Friday, October 31, 2008 2:34 AM
[quote]Jaguarss 96 (10/9/2008)
AIG plans meeting at California Ritz-Carlton resort next week.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aigH2Uop_fSQ&refer=home[/quote]

 

AIG must be run by congress! 




Too bad the price of experience is getting old!

2006 and 2007 AFC South Pick'em Champ!

Original Season Ticket Holder

Post #642745
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