Now THIS pxxxes me off |
Now THIS pxxxes me off |
Oct 10 2008, 03:59 AM
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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 25 2008, 03:58 PM
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Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
The only way it has been ignored is by allocating no blame to management for the situation posed by good wages. It is not Labor's fault they got middle class earnings. But it is management's fault that investment was not made in new plants and better designs and marketing research was accomplished.
What we can agree about is the plethora of strands leading the auto industry to where it is now. The difference between genius and stupidity is that there are limits to genius. Albert Einstein
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Nov 25 2008, 07:24 PM
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Spends WAY too much time at CBTL Group: Admin Posts: 16,432 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
The only way it has been ignored is by allocating no blame to management for the situation posed by good wages. It is not Labor's fault they got middle class earnings. But it is management's fault that investment was not made in new plants and better designs and marketing research was accomplished. What we can agree about is the plethora of strands leading the auto industry to where it is now. Revisionist history doesn't fly with me. Let me put it this way. Go back 10-15 years ago when profits in SUVs were making the auto companies hugely profitable, meanwhile the smallest car lines were barely surviving. Do you really expect me to believe that if the ownership of the Big Three had gone back to labor and said, we are going to cut your wages and benefits to match Toyota and Honda, we are ditching the most profitable lines of production, and we are investing in cars that no one wants right now, that labor would have went for it? That is a crock. We both know that labor would have shutdown the plants with strikes, and done everything in their power to force ownership to keep the status quo. |
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