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Shock or Yawn

1 week after AIG bailout, execs blow $440,000 on blowout party

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29 Votes
Posted by:
kapauldo

errr.... management retreat. Long live Henry Waxman. Can't Henry Waxman be VP? "Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of $440,000, Rep. Henry Waxman (D-Calif.) said today at the the opening of a House committee hearing about the near-failure of the insurance giant...Showing a photograph of the resort, Waxman said the executives spent $200,000 for rooms, $150,000 for meals and $23,000 for the spa. "

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