AIG Is Puttin’ On The Ritz… At The St. Regis

October 7th, 2008 by alyx · 5 Comments · Uncategorized

bg sends me this one -

Less than a week after the federal government had to bail out American International Group Inc. (AIG), the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company’s meltdown said Tuesday.

The tab included $23,380 worth of spa treatments for AIG employees at the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

Yay! Wait… why do I hear fiddle music and smell fire?

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