LITEROTICA PODCAST
LIT CAMS (200 Free Tokens)ADULT TOYSVOD MOVIES

Were you invited to AIG's post-bailout executive retreat?

Daisy and I are particularly interested in the St. Regis' "Pamper Your Pooch Package."

The package consists of an overnight stay in a Resort view guestroom, a personalized welcome letter to the pet, the exclusive St. Regis doggy bed, pet amenities including “Sniffany & Co.”, “Bark Jacobs”, “Dog Perignon”, or “Jimmy Chew” toys, personalized silver food and water bowls, an array of treats, biscuits, and bones, along with an issue of Hollywood Dog! Pricing for this package begins at $545 per night. (two-night minimum required)
Click to expand...

We will need to charter a jet.
 
Damn, if it wasn't for these blasted ethics I can't get rid of I could be going to this soiree. :(
 
I hope they are held accoutable and have to pay back every penny. Plus interest! :(
 


It would be greatly appreciated if you would kindly refrain from shooting the messenger. The event was your typical salesmen shindig— one common to all kinds of sales and marketing organizations. I don't like the genre anymore than you do but this story was blown out of all proportion.



AIG says lavish event was mischaracterized
Wed Oct 8, 2008 4:40pm EDT

NEW YORK (Reuters) - American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz), a day after being criticized for a lavish event held just days after the insurer got an $85 billion government rescue loan, shot back on Wednesday saying the event was for independent life insurance agents, not its employees.

AIG drew fire at a congressional hearing on Tuesday for spending $200,000 on hotel rooms and $23,000 on spa services at an event lawmakers characterized as an executive retreat.

As lawmakers grilled former top executives, Rep. Elijah Cummings, a Maryland Democrat, said: "They were getting facials, manicures and massages, while the American people were footing the bill."

On Wednesday, AIG said the "business event," hosted by one of its subsidiaries, was for independent life insurance agents. It said the event was planned "months before" it received the loan last month, and no AIG executives from headquarters attended.

AIG's effort to correct the record on the event came after White House spokeswoman Dana Perino had added on Wednesday to criticism of the event.

"I understand why the American people would be outraged," she said at a White House briefing.

President George W. Bush did not intend to benefit industry titans when he approved the bailout of AIG and a wider $700 billion Wall Street rescue package, she said.

"Rewarding failure is something we have a very hard time swallowing," Perino added.

AIG said current Chief Executive Edward Liddy had written a letter to Treasury Secretary Henry Paulson to clarify the circumstances of the business event.

The company said Liddy assured Paulson that AIG now faces very different challenges, saying: "(W)e owe our employees and the American public new standards and approaches," and that the company is "re-evaluating the costs of all aspects of our operations..."

AIG said 10 employees from its subsidiary, AIG American General, attended the 100-guest event.

(Reporting by Jonathan Spicer, with additional reporting by Andy Sullivan in Washington; Editing by Tim Dobbyn)
 
trysail said:


It would be greatly appreciated if you would kindly refrain from shooting the messenger. The event was your typical salesmen shindig— one common to all kinds of sales and marketing organizations. I don't like the genre anymore than you do but this story was blown out of all proportion.



AIG says lavish event was mischaracterized
Wed Oct 8, 2008 4:40pm EDT

NEW YORK (Reuters) - American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz), a day after being criticized for a lavish event held just days after the insurer got an $85 billion government rescue loan, shot back on Wednesday saying the event was for independent life insurance agents, not its employees.

AIG drew fire at a congressional hearing on Tuesday for spending $200,000 on hotel rooms and $23,000 on spa services at an event lawmakers characterized as an executive retreat.

As lawmakers grilled former top executives, Rep. Elijah Cummings, a Maryland Democrat, said: "They were getting facials, manicures and massages, while the American people were footing the bill."

On Wednesday, AIG said the "business event," hosted by one of its subsidiaries, was for independent life insurance agents. It said the event was planned "months before" it received the loan last month, and no AIG executives from headquarters attended.

AIG's effort to correct the record on the event came after White House spokeswoman Dana Perino had added on Wednesday to criticism of the event.

"I understand why the American people would be outraged," she said at a White House briefing.

President George W. Bush did not intend to benefit industry titans when he approved the bailout of AIG and a wider $700 billion Wall Street rescue package, she said.

"Rewarding failure is something we have a very hard time swallowing," Perino added.

AIG said current Chief Executive Edward Liddy had written a letter to Treasury Secretary Henry Paulson to clarify the circumstances of the business event.

The company said Liddy assured Paulson that AIG now faces very different challenges, saying: "(W)e owe our employees and the American public new standards and approaches," and that the company is "re-evaluating the costs of all aspects of our operations..."

AIG said 10 employees from its subsidiary, AIG American General, attended the 100-guest event.

(Reporting by Jonathan Spicer, with additional reporting by Andy Sullivan in Washington; Editing by Tim Dobbyn)
Click to expand...

That's just plain old Corporate doublespeak.

"no AIG executives from headquarters attended."

"AIG said 10 employees from its subsidiary, AIG American General, attended"

No matter HOW you count, it was $2,230+ per person for a company that got a government bailout!
 
trysail said:
AIG said 10 employees from its subsidiary, AIG American General, attended the 100-guest event.

(Reporting by Jonathan Spicer, with additional reporting by Andy Sullivan in Washington; Editing by Tim Dobbyn)
Click to expand...

Here's the problem: if you find yourself with a lot of debt and no money, and you get money from a friend who doesn't want to see you on the street, are you still going to take that vacation to Hawaii that you had planned even though you planned it long before your finances went completely awry?

I wouldn't. I don't personally know anybody who would. I'd look at what I had planned and say to myself, "Well, so much for that trip." Why? Because my priority now is getting myself back on my feet, and if someone is going to help me by loaning me or giving me money then I will not disrespect them by using some of it to take a trip I don't need to take. I take care of business first, then breathe a sigh of relief and take that trip.

To me, corporate retreats like this can wait. AIG needs to be using EVERY LAST DOLLAR it has to pull itself back together, and I fail to see how an expensive retreat for a whole 100 employees of a huge multinational contributes in any significant way to that.
 
trysail said:
It would be greatly appreciated if you would kindly refrain from shooting the messenger. The event was your typical salesmen shindig— one common to all kinds of sales and marketing organizations. I don't like the genre anymore than you do but this story was blown out of all proportion.
Click to expand...
I swear I won't shoot at you Try, but AIG really fucked up on the pubic relations front with this.

223K is not a drop in the bucket for middle-americans, and we really feel like we've footed the bill. Each and every Joe-six-pack out there is thinking how that money equals four (or more!) years salary for him, and could clear all of his debt.

AIG has to learn to keep the big shindigs hush-hush. And good luck with that.
 
I really, really do not want to get in a pissing match over this.

AIG is a continuing business and repayment of the government loan is dependent on its ability to maintain its distribution network (which includes the independent sales agents who were being schmoozed). Personally— I HATE salespeople but admit that they are one of life's necessary evils and require constant bribery for their lying.

As I sat and listened to NPR's report of the event this morning, I knew EXACTLY what was going on: a hot-to-trot member of the fourth estate had chanced upon a story that was just simply TOO titillating and juicy to pass up. It was catnip for the media's feral cats in their never-ending battle to attract the ears and eyes of an audience that desperately wants to hear what it wants to hear.

Thus endeth my last post on this subject.

ETA: Stella, I didn't see your post before I wrote the above. You are, of course, right: it ended up as a public relations mess for AIG. Should they have known better? Of course! But what are you going to do: shoot all the waiters and hotel staff? Host a picnic at Golden Gate State Park?
 
Last edited:
trysail said:
ETA: Stella, I didn't see your post before I wrote the above. You are, of course, right: it ended up as a public relations mess for AIG. Should they have known better? Of course! But what are you going to do: shoot all the waiters and hotel staff? Host a picnic at Golden Gate State Park?
[/COLOR][/SIZE][/FONT][/B]
Click to expand...
This is so very, very true, and speaking as an occasional supplier for shindigs, I am always happy when a few of those tarnished sheckels come my way-- in time to pay my rent, if I'm lucky.

And yeah, the masseuses were probably real glad for it!
 
trysail said:
[Should they have known better? Of course! But what are you going to do: shoot all the waiters and hotel staff? Host a picnic at Golden Gate State Park?
[/COLOR][/SIZE][/FONT][/B]
Click to expand...
So it should be ignored?
 
good news everybody!

AIG has another shindig scheduled at a resort in Northern California very soon.

The rooms are only $700 a night, so theyre economizing.

US TREASURY EXPRESS CARD....dont leave Wall Street wuthout it.
 
Please note the attrition fees, evidently they have some ethical employees who determined that it was not an event to go to considering the bailout.

Their contract was for a set amount of rooms and they were charged for the empty rooms. Congrats to those who said no!
 
I'm betting the people that didn't go will be downsized at the first opportunity.

Lack of company loyalty or something like that. :(
 
I'm thinking of opening an online serial killer supply depot, and am thinking that some forged AIG I.D. cards might be a nice touch to go with the cutlery, tape, rope, and pistols. I mean, if you get caught, whip out the AIG card and pretty likely the FBI guys will tip their hats, apologize, and very likely give you a police escort to the nearest resort where you can clean up and rest.
 
trysail said:
I really, really do not want to get in a pissing match over this.

AIG is a continuing business and repayment of the government loan is dependent on its ability to maintain its distribution network (which includes the independent sales agents who were being schmoozed). Personally— I HATE salespeople but admit that they are one of life's necessary evils and require constant bribery for their lying.

As I sat and listened to NPR's report of the event this morning, I knew EXACTLY what was going on: a hot-to-trot member of the fourth estate had chanced upon a story that was just simply TOO titillating and juicy to pass up. It was catnip for the media's feral cats in their never-ending battle to attract the ears and eyes of an audience that desperately wants to hear what it wants to hear.

Thus endeth my last post on this subject.

ETA: Stella, I didn't see your post before I wrote the above. You are, of course, right: it ended up as a public relations mess for AIG. Should they have known better? Of course! But what are you going to do: shoot all the waiters and hotel staff? Host a picnic at Golden Gate State Park?
Click to expand...

I think everybody will agree that AIG, in order to remain in business, has to incur expenases. However, did they have to do something so extravagant?
 
BOX

Its all relative. These guys likely know nothing about MOTEL 6.

AIG needs to GET that America owns it now.
 
Last edited by a moderator:
trysail said:
AIG is a continuing business and repayment of the government loan is dependent on its ability to maintain its distribution network (which includes the independent sales agents who were being schmoozed). Personally— I HATE salespeople but admit that they are one of life's necessary evils and require constant bribery for their lying.
Click to expand...

A whole 100 employees from one of the world's largest multinationals? THAT is the reason I don't buy into the idea that it was necessary to their continuing business.
 
Utter BS...those Independent Agents would have been happy at the local Stouffers or Westin. I know, I used to work for one of them. There was no need to spend that kind of cash. It was the execs of the subsidiary who wanted that lavish setting.

I really thing they should pay it all back to us.


Let's see, half-a-million divided by 200billion equals...

Never mind just put it back in the treasury.
 
You must log in or register to reply here.

Similar threads

Rightguide
Here's Joe Trying To Insert Another CCP Agent Into The Government
Replies
5
Views
414
DeluxAuto
DeluxAuto
April602
Have you used sex to get something you wanted?
9 10 11
Replies
261
Views
22K
drobert44
drobert44
U
Please Sign This Post of Sorrow and Sadness For Your Loss to the Clinton's
Replies
14
Views
2K
Politruk
P
Dumpington
Why calling everybody who disagrees with you a "racist" cheapens that charge!
2 3 4
Replies
96
Views
5K
Dumpington
Dumpington
CutiePie1997
"Humans 2.0" (closed)
Replies
12
Views
2K
Craneman8686
C
Back
Top