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.
AIG, Corruption, Economics