AIG - don't ya just love it???

[pomtzu]

No, Pomtzu is correct, there was another incident just last week. From US News & World Report -

Thank you! I didn't think I was losing my mind! It was all over the news last night and this morning and I seriously doubt that they would have been reporting 2 week old news!

[Lady's Human]

I wouldn't doubt someone reporting 2 week old news, especially with the current (well deserved) disgust with some of the financial firms.

[Karen]

Actually, it is a new story today, after the events two weeks ago, there has been another "conference" on which over $300,000 was spent, this one in Arizona, and Monday, they got more money:

http://ap.google.com/article/ALeqM5i...k_nPQD94CCUF00

[Medusa]

Yes, I saw the new story yesterday and again today. They're were attending yet another conference w/all the amenities that Ellie mentioned and they weren't wearing their ID tags while in attendance because they said that they were being harrassed , poor babies.

[gini]

Last night on the evening news they reported that AIG told the hotel to NOT say they were there. Then they showed one of the executives coming out of the gym when he was supposed to be at the seminar.
It also showed the limosines and the expensive dinners at good restaurants.

Maybe their last HURRAH???? I doubt it.

[Grace]

Thank you! I didn't think I was losing my mind! It was all over the news last night and this morning and I seriously doubt that they would have been reporting 2 week old news!

You're very welcome. We former Rhode Islanders should stick together whenever possible

[Lady's Human]

Just got done reading a fairly extensive CNN.com story on this, it seems that it was a sales/promotion seminar for customers, most of which was paid for by the customers.

http://www.cnn.com/2008/POLITICS/11/...nce/index.html

CNN has been none too kind to AIG and others through this, so it sorta makes you go "hmmm....."

[pomtzu]

Just got done reading a fairly extensive CNN.com story on this, it seems that it was a sales/promotion seminar for customers, most of which was paid for by the customers.

LH - sounds like you're defending them! If it was paid for by customers, why did they try to hide the fact that they were there - telling the hotel employees to "play dumb" - refusing to talk to reporters????? Somebody's hiding something.............and it doesn't take a genius to figure that one out!

[Lady's Human]

Defending them? No. Just very skeptical about the coverage.

When a company (or a union) is under fire for extravagant spending, sometimes they go to extreme lengths to make everything appear kosher, only to shoot themselves in the foot.

As was explained in a union meeting, costs for these events are normally pre-paid, and whether you cancel or not, you don't get the money back.

Damned if they did, damned if they didn't.

[pomtzu]

Defending them? No. Just very skeptical about the coverage.

Damned if they did, damned if they didn't.

I have to think that you're with the minority if you're skeptical about what's taking place with the media coverage. Sorry - but if it was above board - no one would have been stupid enough to try and hide it. And to borrow a fairly recent quote that seems fitting in this case - "put lipstick on a pig and it's still a pig".

[Lady's Human]

As has been proven time and time again, it's not the act that causes trouble, it's the coverup-perceived or real that causes problems.....


Yet it still happens.