Wednesday, October 08, 2008

Talk About Detached From Reality

You have bankrupted your business, the Federal government has to bail you out to the tune of $85,000,000,000.00 so what do you do?

Send your top executives to an exclusive spa for an all expenses paid vacation.

Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.

The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

Granted, it was arranged prior to the bailout, and in the big scheme of things it is not a huge cost, but you would think that all the bright minds at this firm might see how this trip might make the firm look a little less than responsible.



Daisy said...

This just makes me SICK!

Jon said...

It is amazing how blind these folks are

foxaz said...

business as usual folks, business as usual.
It won't change.
Revolution, anyone?

sexy said...







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