Aig Aviation
AIG executives spent $ 500,000 on an exclusive few days after the government decided to U.S. $ 85 billion to protect the giant insurer to collapse, according to Rep. Henry Waxman, Democrat of California who acts as Speaker of the House Oversight Committee.Rep. Elijah Cummings, D-Md., Described what investigators found at a hearing this morning on Capitol Hill:
Following the bailout of AIG last month, the U.S. government actually bought a 80% share in the company. This led to a fundamental change, you might think, in the way the company was spending on compensation fund, bonuses and benefits. ( aig aviation )
But it does not look like that's what happened. The committee has learned that shortly after the bailout was, AIG executives of the largest U.S. subsidiary of Life Insurance, AIG American General, which has a week conference in the exclusive resort California.
The station is called the St. Regis Monarch Beach. ... It is very impressive. This is an exclusive remedy. Rooms start, gentlemen, to $ 425 per night. Some are more than $ 1200 per night.
... We contacted the place where AIG case this week, and we have requested copies of the accounts of AIG. We have learned that AIG has spent nearly $ 500,000 in one week on - in this hotel. Now, it was immediately after the bailout.
... Let me describe some of - the cost - that shareholders who are now American taxpayers have to pay. Check this out.
AIG spent $ 200,000 and hotel rooms and nearly 150,000 dollars for catered banquets. AIG past - listen to this - $ 23,000 in a spa hotel and $ 1400 at the Salon. They were on their manicure, their faces, massage and chiropodist, while the American people were - were footing the bill.
And they brought another $ 10,000 for - I do not know what it is - eat at leisure.
( Finance Information City )
0 comments:
Post a Comment