It’s time to riot, my FRiends.
I am ALL for capitalism, but THIS, my friends, is NOT IT.
Second: They should be arrested for fraud and "perp-walked".
Third: No fines, no country club prison - hard time, hard labor - breaking big rocks into small ones for a long time.
What really angers me is that the venial congressmen acting shocked by this waste of taxpayer money while they make their living out of wasting taxpayer’s money. And what really galls me is that they get a golden parachute of hundreds of thousands of those same taxpayer’s dollars after finally retiring or (too few) being voted out of office.
US businessmen are so out of touch that they make convenient whipping boys to deflect the anger of taxpayers away from their real tormentors, the liberals in Congress.
I think that the trip to the resort was a complete waste of money and it shows how the execs of far too many companies see the company as an expensive plaything rather than a responsibility, but I wonder if they were in a "damned if you do and damned if you don't" situation.
GREENBERG, MAURICE R
NEW YORK , NY 10270
AMERICAN INTERNATIONAL GROUP, INC./
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $10,000
primary 06/07/07
*crickets chirping*
Hello? Is this thing on?
had they been senators on vacation after enacting a huge tax hike, there’d be no problem.
My guess is that the contract stated that there would be a 100% forfeiture of deposit if canceled in less than 15 days before the scheduled event except for 'Acts of God'. The Resort would have already bought the supplies and locked-down the rooms for this event, hence the forfeiture clause. Consequently, whoever was ramrodding this event probably was faced with 'rock and hard place' decision. Leave $400k on the table for nothing, disrupt all travel plans of attendees and loose a chance to acquaint all with the 'new realities' in person OR do it anyway and take the heat.
The real idiocy was the extra charges for golf, liquor and Spa charges. In the light of events, management should have told all to pay for their own and if they were entertaining business guests, put it on their expense accounts. HOWEVER, speaking again from some experience, some of these charges may have been specified in the contract and thus non-discretionary (not atypical in a Resort setting).
I too was grabbed by the headline but upon reflection I think I might have made the same decision. I would have just hoped that I could have explained my actions before the media firestorm. Given the election year, the financial crisis and the proclivities of the media, it looks much like an absolute no-win scenario.
Good Lord! There’s no end to this crap.
These companies cannot possibly be hurting when they can spend million and even billions on bonuses and this sort of BS. The “bailout” was nothing more than a taxpayer “handout”.
Exactly who are the incompetent jerks here?
The preening politicians and bureaucrats who are busy giving away hundreds of billions of taxpayer money to Glutinous Pigs on Wall Street?
Or the Glutinous Pigs who have been living large while driving their company into the drink, and who now have their loot safely tucked away while government idiots try to put Humpty Dumpty together again?
The dem’s October Surprise is getting out of hand...
I’m actually shocked that their democrat friends in congress are outraged. But then there is no proof of outrage on the part of congress, just hot air. Prosecution and seizing their personal assets to offset the taxes to bail the company out of the mess they created would positively indicate real outrage and anger.
Never happen, they are big democrat contributors.
In ages past this would have been torches and pitchforks time, with the peasants heading for Frankenstein’s castle...