You are right Compman, the retreat bit does not belong in this article. I still think the only thing left to do is laugh because everything is getting more absurd by the minute.
Nothing like repeating a lie long enough and then people will believe it. Not that I am a big fan of AIG or their bailout, but the $400k spent was not on an “executive retreat”. It was a retreat for sales contest winners. An incentive to sell more business. But then again, it is the IJ and when did the truth and actual reporting ever come out of one of their publications.
Doug Heller, executive director of Consumer Watchdog is either incredibly naive about the way every Business provides defense to their Board and executives, or saw an opportunity to grab a little publicity for his organization. Any guesses on which is true?
I’m considered a youngling in this industry with less than 10 years experienced but I agree with Compman. The retreat had people up and arms. It was a retreat for the PRODUCERS working hard to push more money back into the company yet people just don’t see it for what it is. The GLUE the ords RETREAT, 400K, AIG, Bankrupt all together and you get a fabricated image of crooks that are treating themselves while the company is sinking to oblivion. These producers work hard for months only to be stoned with redicule of their well earned retreat.
No I am not a producer but a mearly small customer service rep but I feel for those that put in their work and gets whip lash from the nation / tax payers for their well earned retreat. What will motivate these producers now to stimulate the economy?
…that a government which has shown no restraint whatsoever would soak taxpayers for these costs? I find the line that “it” (the government) would pay for these costs amusing. Since when does “government” pay for anything? All “government” does is take money from one set of people to give to another; “government” produces nothing, all of its activities are parasitical. As Frederic Bastiat wrote “government is that great fiction by which one half of the population lives at the expense of the other half.”
And, no, things won’t “get better” with Obama as the mafia don.
We’ll pay their freakin’ defense costs. There’s no way in hell a jury in the USA will let these scumbags walk. So, the prosecution should stipulate that a conviction includes a 25 year jail sentence, and forefeit of the golden parachutes they received.
Re the $400k “retreat” or whatever you want to call it. Has anyone ever planned a large event/convention/wedding/etc??? Don’t you know that there’s usually a cancellation fee or if it was that close to the date of the event, you might still have to pay for everything if you cancel? No sense paying the money for nothing.
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You are right Compman, the retreat bit does not belong in this article. I still think the only thing left to do is laugh because everything is getting more absurd by the minute.
The classic part is that its probably an AIG D&O policy. ridiculous….
The only thing we can do now is laugh at the situation.
Nothing like repeating a lie long enough and then people will believe it. Not that I am a big fan of AIG or their bailout, but the $400k spent was not on an “executive retreat”. It was a retreat for sales contest winners. An incentive to sell more business. But then again, it is the IJ and when did the truth and actual reporting ever come out of one of their publications.
Doug Heller, executive director of Consumer Watchdog is either incredibly naive about the way every Business provides defense to their Board and executives, or saw an opportunity to grab a little publicity for his organization. Any guesses on which is true?
I’m considered a youngling in this industry with less than 10 years experienced but I agree with Compman. The retreat had people up and arms. It was a retreat for the PRODUCERS working hard to push more money back into the company yet people just don’t see it for what it is. The GLUE the ords RETREAT, 400K, AIG, Bankrupt all together and you get a fabricated image of crooks that are treating themselves while the company is sinking to oblivion. These producers work hard for months only to be stoned with redicule of their well earned retreat.
No I am not a producer but a mearly small customer service rep but I feel for those that put in their work and gets whip lash from the nation / tax payers for their well earned retreat. What will motivate these producers now to stimulate the economy?
Right on, Compman! Don’t these people ever read the papers before commenting on something they don’t know anything about?
…that a government which has shown no restraint whatsoever would soak taxpayers for these costs? I find the line that “it” (the government) would pay for these costs amusing. Since when does “government” pay for anything? All “government” does is take money from one set of people to give to another; “government” produces nothing, all of its activities are parasitical. As Frederic Bastiat wrote “government is that great fiction by which one half of the population lives at the expense of the other half.”
And, no, things won’t “get better” with Obama as the mafia don.
We’ll pay their freakin’ defense costs. There’s no way in hell a jury in the USA will let these scumbags walk. So, the prosecution should stipulate that a conviction includes a 25 year jail sentence, and forefeit of the golden parachutes they received.
Re the $400k “retreat” or whatever you want to call it. Has anyone ever planned a large event/convention/wedding/etc??? Don’t you know that there’s usually a cancellation fee or if it was that close to the date of the event, you might still have to pay for everything if you cancel? No sense paying the money for nothing.