Thursday, November 13, 2008

Asset Management

You gotta give it to 'em for the sheer chutzpah.

AIG executives may not be making better business decisions while they're asking the federal government for more money, but at least they're getting sneakier! An ABC News investigation has revealed that a conference last week at the Pointe Hilton Squaw Peak Resort in Phoenix was another chance for AIG executives to frolic (on the taxpayers' dime).

The conference was called the Asset Management Conference, and hotel personnel were ordered to not mention AIG either verbally or on signage. An AIG spokesperson told ABC News that there was no AIG signage because they wanted to lower the company's profile. As consumers, I think we're a little too smart to believe that. Something tells me that the company executives knew they'd get heat for another luxury trip
I think it's time taxpayers saw a little return on their investment. We could all use a little getaway on AIG's tab once they're back on their feet. Hell, I'd make it cheap and settle for a weekend at a Days Inn in San Diego.

(h/t E.W.M)

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