Wednesday, October 8, 2008

AIG Executives blow $440,000 of our money

This article: On September 22, a week after the FED extended an $85 billion emergency loan to save the insurance firm. AIG CEO's spent $440,000 in a corporate retreat at the St. Regis Monarch Beach resort in Dana Point, Calif., about midway between Los Angeles and San Diego. According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -$139,000 was spent on hotel rooms, while even more money -$147,301- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge.

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