AIG executives use tax payer money to pamper themselves
Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.
AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.
"Less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," said Waxman as he prepared to question AIG executives.
So that's where your bailout money is going. Not only to "save" the stock market and "save" the banks, but to make sure the CEO's are properly taken care of while their businesses fail. More.
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AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.
"Less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," said Waxman as he prepared to question AIG executives.
So that's where your bailout money is going. Not only to "save" the stock market and "save" the banks, but to make sure the CEO's are properly taken care of while their businesses fail. More.
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