The reason why I don’t trust finance people and actually hate them.
Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of $440,000, Rep. Henry Waxman (D-Calif.) said today at the the opening of a House committee hearing about the near-failure of the insurance giant.
Showing a photograph of the resort, Waxman said the executives spent $200,000 for rooms, $150,000 for meals and $23,000 for the spa.
They are modern day robbers. Human greed is such a beautiful thing to see.
Yuuka | 10-Oct-08 at 8:12 pm | Permalink
Good to know that free pass or no, the top tier never really seem to suffer in life.
Eve | 20-Oct-08 at 2:21 pm | Permalink
AIG called me re renewing my car insurance policy under them. They urged me to reconsider them, as they said “generally, all insurances are going up… after the industries made a loss”.
Of cos… i was so tempted to say “your high ranking mudder#**#@%g top management are living it up at St Regis, with the profits you made off my cars… so buzz off “… instead i decided to be polite and go “you’re too expensive, go review yourselves pls…” in retort to her “we’re already one of the cheapest around”….
AIG… should just review themselves.