AIG $85 billion bailout dollars at work: pics

[amborin]

"Top brokers of Wachovia Corp jumped on the bailout-retreat bandwagon, or rather on an all-expenses-paid cruise liner to the Greek Isles on Oct. 10, while taxpayers were possibly picking up the tab for the billion-dollars bad loans made by the ailing bank....


While wrapping up its first post-bailout retreat and canceling its second to save face, 50 AIG staff managed to squeeze a a $500,000-getaway to the Mandalay Bay Resort in Las Vegas during Sept. 28-30.....

Company execs dropped modest $440,000 to recuperate at this luxury resort - the St. Regis in Monarch Beach, Calif. - from 22-27 September."

[Warren DeMontague]

1. What you don't understand is, they NEED to get these "perks" because otherwise these companies won't

keep "quality people".

You know, the "quality people" that have been doing such a fucking bang-up job up to this point.

And yes, I'm kidding.

[AndyA]

2. That's why I find so hysterical about this.

They have to pay out big bucks, with huge bonuses, to get "the right people" to run the company...into the ground.

So many of these people have past failures, yet they somehow have value to another company?

It seems to me that if you run one company into the ground, you shouldn't get the chance to do the same thing to another. :shrug:

It's really pathetic.

[rucky]

4. and they've become accustomed to a certain lifestyle.

[rucky]

3. Torture should remain legal, just for this occasion. n/t