AIG Execs Enjoy $500,000 Blow-out at Taxpayer Expense
CEO’s and corporate execs not only behave like robber barons, but they exaggerate that selfish behavior to such an extent that it would even make robber barons blush.
As if driving a business that was “too big to fail” into the ground was not enough, the AIG executives threw themselves a lavish party after the Federal government approved their bail-out, which therefore, was at the taxpayer’s expense.
These men are stealing from the United States treasure and the American people – why are charges not being pressed? Oh, that’s right. It’s okay if you are a Republican:
Rep. Elijah Cummings (D-MD) on the expenditures:
Have you heard of anything more outrageous - a week after taxpayers commit $85 billion dollars to rescue AIG, the company’s leading insurance executives spend hundreds of thousands of dollars at one of the most exclusive reports in the nation…
Let me describe for some of you the charges that the shareholders, taxpayers, had to pay. AIG spent $200,000 dollars for hotel rooms. Almost $150,000 for catered banquets. AIG spent $23,000 at the hotel spa and another $1,400 at the salon. They were getting manicures, facials, pedicures and massages while American people were footing the bill. And they spent another $10,000 dollars for I don’t know what this is, leisure dining. Bars?