Thursday, October 9, 2008

AIG

It was recently on the news that the executives at AIG, one of the companies "bailed out" by the government, went on a retreat that cost $440,000. With decision making and spending like that, it's no wonder the company had to be bailed out.
These are the highest paid people in the company and the ones who helped get the company into trouble in the first place. Do they really need the taxpayers to foot the bill for their luxury spa experience? I don't think so!! The excuse for going on the trip post bailout was that it had been planned well ahead of time. That's fine, but why couldn't they pay for it out of their own pockets instead out of yours and mine? I honestly think that they should be made to pay back all of the money spent on the retreat and then they should all be fired. When an insurance company makes so many bad decisions that the federal government has to bail them out, you have to wonder if the executives have been doing their jobs. But, when they are stupid enough to go on an expensive retreat, you know they don't care about fulfilling their responsibilities to their stakeholders - which now includes every American taxpayer.

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