“Pres. Barrack Hussein Obama will make everyone equal. No more problems, no more trips. The man has a lot of knowledge about what got us into this mess. He likely feels guilty already about how much he benefited from this mess financially. We can trust he will now do the right thing to vindicate himself.
Can’t we?”
Aw! It is nice to see we accept the ‘special’ here too. Really said nothing at all…but at least he/she made an effort.
I would prefer a President that will bring everyone up to make us equal, not down.
Mr. P., attacking in debates has become common. Obama has yet to give anything concrete as to what he plans to do; all is vague. This incident with AIG is pretty black & white. McCain attacking the dems policy is a gray area because of the vagueness.
Obama has the inside angle on this mess. John McCain is so stupid he was trying to enact rules to call attention to what was happening and prevent it from continuing.
Its nice to know that we are subsidizing this trip so that aig can charge higher premiums on their insurance policies so the agents can make more money. You cannot have it both ways. if we are giving aig 120 billion dollars they should not be spending it on incentive trips for anyone.
Having attended several of these types of events over the years, I do hope that the company intends to issue IRS Form 1099’s to each producer who attended. The companies that hosted each one that I attended certainly did.
Your comparison doesn’t hold up. Ever plan a meeting for 100 people at a resort?
There are blocked rooms (if not filled the meeting sponsor gets to pay anyway) Meals not consumed same thing, etc, etc. A family usually does not book/guarantee 100 rooms. Get the drift?
y’all make it sound as though any and all brokers/independent contractors place business with one specific carrier because they might win a trip. Personally, I work very hard each and every day and always act in the clients best interest. In each and every new business opportunity I will provide a variety of options and make the appropriate recomendtions that both represent the clients best interests and that are the most cost effective. At the end of the day, this brings both parties piece of mind and will generally lead to additional new business opportunities based on this new clients favorable experience. This is called professionalism and integrity. If this hard work and effort is recognized by any specific carrier and I’m in their top 1% I would certainly entertain their extended gratitude in the form of an incentive trip. In this way, I am in the company of other top performers like myself and there is always something valuable learned during the process.
You are 100% correct. AIG pulling out of Half Moon Bay will cost them plenty. The hotel cannot find a short term booking, so AIG is on the hook anyway for virtually all the room night costs not to mention banquet projected costs, and in their jesture of good faith, if you had a non refundable airfare, they will most likely pick this cost up as well, which was not included. In all probabability, costing them more than if the event took place.
Look the real issue at hand here is whether these trips help produce more business. We know that agents can be swayed to one carrier or another based on perks so if AIG spends $1 to earn $2, then that’s just good business practice. All of us do this every day in the form of advertising. If, however, the trips are fluff that do not result in extra revenue, then it’s probably something that they should do away with until they are profitable.
Until we have those numbers in front of us, this conversation is pointless.
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Cob:
Thats all you have to say? lol
“Pres. Barrack Hussein Obama will make everyone equal. No more problems, no more trips. The man has a lot of knowledge about what got us into this mess. He likely feels guilty already about how much he benefited from this mess financially. We can trust he will now do the right thing to vindicate himself.
Can’t we?”
Aw! It is nice to see we accept the ‘special’ here too. Really said nothing at all…but at least he/she made an effort.
Kudos.
I would prefer a President that will bring everyone up to make us equal, not down.
Mr. P., attacking in debates has become common. Obama has yet to give anything concrete as to what he plans to do; all is vague. This incident with AIG is pretty black & white. McCain attacking the dems policy is a gray area because of the vagueness.
Obama has the inside angle on this mess. John McCain is so stupid he was trying to enact rules to call attention to what was happening and prevent it from continuing.
Its nice to know that we are subsidizing this trip so that aig can charge higher premiums on their insurance policies so the agents can make more money. You cannot have it both ways. if we are giving aig 120 billion dollars they should not be spending it on incentive trips for anyone.
Having attended several of these types of events over the years, I do hope that the company intends to issue IRS Form 1099’s to each producer who attended. The companies that hosted each one that I attended certainly did.
Your comparison doesn’t hold up. Ever plan a meeting for 100 people at a resort?
There are blocked rooms (if not filled the meeting sponsor gets to pay anyway) Meals not consumed same thing, etc, etc. A family usually does not book/guarantee 100 rooms. Get the drift?
y’all make it sound as though any and all brokers/independent contractors place business with one specific carrier because they might win a trip. Personally, I work very hard each and every day and always act in the clients best interest. In each and every new business opportunity I will provide a variety of options and make the appropriate recomendtions that both represent the clients best interests and that are the most cost effective. At the end of the day, this brings both parties piece of mind and will generally lead to additional new business opportunities based on this new clients favorable experience. This is called professionalism and integrity. If this hard work and effort is recognized by any specific carrier and I’m in their top 1% I would certainly entertain their extended gratitude in the form of an incentive trip. In this way, I am in the company of other top performers like myself and there is always something valuable learned during the process.
You are 100% correct. AIG pulling out of Half Moon Bay will cost them plenty. The hotel cannot find a short term booking, so AIG is on the hook anyway for virtually all the room night costs not to mention banquet projected costs, and in their jesture of good faith, if you had a non refundable airfare, they will most likely pick this cost up as well, which was not included. In all probabability, costing them more than if the event took place.
Look the real issue at hand here is whether these trips help produce more business. We know that agents can be swayed to one carrier or another based on perks so if AIG spends $1 to earn $2, then that’s just good business practice. All of us do this every day in the form of advertising. If, however, the trips are fluff that do not result in extra revenue, then it’s probably something that they should do away with until they are profitable.
Until we have those numbers in front of us, this conversation is pointless.