Posted on 10/09/2008 4:16:40 AM PDT by Amityschild
AIG. Known to Barack Obama as “American Insurance Group”.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.”
Thomas Jefferson 1802
AIG is having a hard time adjusting to socialism.
Reality check: From now on, the Party will motivate. No more market incentives that reward actual performance. And only the political class will enjoy the perks.
These bastards deserve to have their swank meetings in the prison shower !!!
Dropping of the soap./Just Asking - seoul62......
Well, is the AIG sales force, which closes billion dollar deals, supposed to meet at the Holiday Inn Express?
What would that tell them about the solidity of AIG?
I do think AIG management should take lessons from Warren Buffet about cost containment, but I won’t bash them for this one.
I'd just like to know the insurance on my airplanes is still good. Both are insured with AIG's aviation division. Despite numerous calls to my agent, who is, by my observations is essentially avoiding me, I've yet to get a clear answer as to whether or not the policies I've paid for are worth the paper they are printed on......
These idiots better start getting used to their meetings at the Days Inns and Super 8s.
They have tried to make a distinction between AIG insurance operations AND the Finance side that lost all the money. This fails. Top management needs to cancel ALL of these gatheringsfor the benefit of the company. If that disappoints some Insurance people who think they deserve a getaway, too bad!
GREAT NEWS! Populist’s/socialists should understand that this is how business is done.
Besides where is the coverage of money congress spends on their getaways at taxpayer expense for the last 40 years.
This is the price of socialism. Now top management answers to all of us. And everything changes. Watch the talent flow out of AIG and the other nationalized companies. It will be a torrent. These companies will soon be populated by nothing but bureaucrats and apparatchiks.
This was doubtless scheduled quite some time ago and substantial deposits would have to be forfeited if they were to cancel now. Also, they’d likely have problems finding some other cheaper venue (including the forfeited deposits) that would have their schedule open at this late date.
Me neither.
...if you want to call their mgt "talent", top mgt that now has them under a $100 Billion dollars in loans from the Feds, with pieces of AIG being sold off to pay back that loan, if you want to call that talent....then you are misguided. I tend to believe these A-holes (who no doubt left with golden parachutes) should be flushed down a toilet for taking down once was a premiere company. I guess if you owned stock in this company or worked there you might feel differently. The blame for this fiasco is wide spread but this TOP MGT AIG TALENT was swimming in the muck, share holders and employees of AIG be damned.
Any agent who cannot see the need to do with out or postpone their outings now is so devoid of common sense it is no loss if they go.
AIG considered buying advertisements to explain its position, only to be told by public relations consultant George Sard that it would be “a really bad idea.”
Well, no $hi+, Sherlock!
I understand that business is business, and you gotta schmooze with the business cronies a little bit. But part of business for any organization as big as AIG is also image. Maybe instead of swank junkets we could see some press of the execs doing some community service like taking out the trash at an inner city church or hosting a summer camp for poor kids out of their own funds. That’s the kind of PR spin this George Sard character needs to get out.
It’s this callous “let them eat cake” cr@p that’s going to do them in.
Yeah, who saw this coming?
90 percent of the taxpayers who happen to NOT be in a coma.
That is the least they could do for getting 2 sweetheart deal loans from the taxpayers.
NAIL ON THE HEAD POST!
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