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Old 10-07-2008, 04:30 PM   #69 (permalink)
nEighter
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Join Date: Feb 2006
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Quote:
Originally Posted by Yamao View Post
So, what does AIG bailout money go for, trips to a spa! Must be stressful running a company into a ground... just need some time to relax after that:

ABC News: After Bailout, AIG Execs Head to California Resort

"AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges."
10 BILLION is what I heard the executives drained from the company through bonus' and incentives and severance packages. CEO alone made 485 Million in the last 5 years.. then he cried to congress saying since the stock price sunk.. that is is only worth 350 million. and cry me a freaggin river.. they should loose it all and have to live like us.. that is what SHOULD happen.
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