Now THIS pxxxes me off |
Now THIS pxxxes me off |
Oct 10 2008, 03:59 AM
Post
#1
|
|
Really Comfortable Group: Members Posts: 1,829 Joined: 11-January 07 From: Kobe, Japan Member No.: 18 |
AIG cancels planned events amid rebukes for hosting $440,000 function
American International Group Inc. said Thursday that it would cancel most of its planned events after lawmakers castigated the insurer for hosting a $440,000 function at a resort while benefiting from an $85-billion government bailout. The cancellations include an event that was scheduled for next week at the Ritz-Carlton in Northern California's Half Moon Bay. The gathering that drew the rebukes was held last month at the St. Regis Resort in Dana Point. About 100 independent insurance agents who sell coverage for New York-based AIG attended, spending $23,000 on spa services, among other things. Read more here - http://www.latimes.com/business/la-fi-aig1...0,2353290.story Anyone wonder why we're in the crapper? These clowns almost go under, taxpayers who are losing jobs and homes bail them out - and they're off to a laa-dee-dah spa fxxxing resort??? Obviously nearly going out of business BY THEIR OWN HAND did nothing to change their way of thinking. Jerks. A couple of nice quotes from the article - "This kind of behavior is an insult to taxpayers," the Montana Democrat wrote in a letter to Fed Chairman Ben S. Bernanke. Baucus asked for a response by Oct. 23. "I cannot fathom how in the same day -- the very same day -- that AIG asked the government for another $37.8-billion loan, the company would even consider moving forward with plans to host another large conference at another luxury resort," said Rep. Elijah E. Cummings, a Maryland Democrat. THEN, skipping another chance to learn they're idiots, they want to ADVERTISE EXPENSIVELY about their screw up. A nice repsonse - "To spend the taxpayer's money on an expensive ad campaign to apologize for how you used taxpayer money leaves you open to further attacks," Sard wrote in an e-mail Wednesday to Ashooh. It just stuns me to think how stupid people who are supposed to be smart have been. |
Nov 20 2008, 09:08 AM
Post
#2
|
|
Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
eric.hanke, the second IBP image did not come up! Funny funny funny! TRUE.
SSider, those geniuses who flew individually instead of Lear-pooling to go beg for our money to Congress are the ones, speaking in class terms, who agreed to those wage packages. Those workers are the ones who created the wealth, and the ownership class just ate the surplus. That being said, the problem is not that the worker makes too much; it is that the management played a shell game, paying workers yesterday with money that should have been invested for today and tomorrow. The difference between genius and stupidity is that there are limits to genius. Albert Einstein
|
Nov 20 2008, 09:33 AM
Post
#3
|
|
Spends WAY too much time at CBTL Group: Admin Posts: 16,426 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
eric.hanke, the second IBP image did not come up! Funny funny funny! TRUE. SSider, those geniuses who flew individually instead of Lear-pooling to go beg for our money to Congress are the ones, speaking in class terms, who agreed to those wage packages. Those workers are the ones who created the wealth, and the ownership class just ate the surplus. That being said, the problem is not that the worker makes too much; it is that the management played a shell game, paying workers yesterday with money that should have been invested for today and tomorrow. If you have a cost structure that puts you $50,000 a person behind your competitors, that isn't only A problem, it is THE problem. Take GM for example who has 120,000 employees times that $50,000, and you come up with $6 billion in disadvantage. That money spent on their plane rides, while shortsighted and stupid, is a mere pittance compared to that number. To put it in perspective that $6 billion is about 40% of the total that GM is asking for. |
Nov 20 2008, 11:42 AM
Post
#4
|
|
Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
If you have a cost structure that puts you $50,000 a person behind your competitors, that isn't only A problem, it is THE problem. Take GM for example who has 120,000 employees times that $50,000, and you come up with $6 billion in disadvantage. That money spent on their plane rides, while shortsighted and stupid, is a mere pittance compared to that number. To put it in perspective that $6 billion is about 40% of the total that GM is asking for. High wages is not a labor problem, it is a failure of management to properly allocate resources. Don't blame a worker for a good wage. The difference between genius and stupidity is that there are limits to genius. Albert Einstein
|
Nov 20 2008, 11:48 AM
Post
#5
|
|
Spends WAY too much time at CBTL Group: Admin Posts: 16,426 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
High wages is not a labor problem, it is a failure of management to properly allocate resources. Don't blame a worker for a good wage. Its a labor problem when the company is doomed to fail because of it. It is everyone's problem then. Of course they are also refusing further concessions, which could very well be dooming them to bankruptcy depending on the generocity up on the Hill. At that point all of their contracts will be null and void anyway. |
Lo-Fi Version | Time is now: 5th June 2024 - 11:26 AM |
Skin Designed By: neo at www.neonetweb.com