Tuesday, October 07, 2008
FOX Business,
FOX Business,
AIG Executives Blow $440,000 After Getting Bailout
A week after the Federal Reserve extended an $85 billion emergency loan to AIG to keep it from going bankrupt due to insurance liabilities, AIG executives blow $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Dana Point, California.
According to the receipt from the St. Regis, the eight-day company retreat was a lavish one -- $139,000 was spent on hotel rooms, while even more money -- $147,301 -- was spent on banquets. Another $23,380 was spent on undisclosed spa treatments and another $6,939 was spent on golf. A full $9,980 was spent on room service and food and cocktails at the hotel lounge.
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Posted by Editor on 10/07/08 at 06:32 AM •
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