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AIG Executives Caught... Again
By: TraderMark   Tuesday, November 11, 2008 12:34 PM
Symbols: ABC, AIG, ROG
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These fellas at AIG are like the unruly teenager who constantly misbehaves thinking there is no culpability. The problem is, they appear to be correct. Just a month ago after the first bailouts they are out partying (Oct 8: AIG Executives Party it Up Post-Bailout)

From ABC News last night, via a local Phoenix affiliate, catch the AIG big wigs spending our money - this was so hush hush the hotel employees were apparently instructed not to even utter the word "AIG" out loud. Here is the ABC News video link (I can't embed it)

Here is the full local affiliate video

Completely out of the blue in this story, Terry Bradshaw was cancelled as a speaker but makes $40K just for a speech? Man... what a country.
  • According to the Washington Speakers Bureau, which manages Bradshaw's speaking engagements, he commands a fee of more than $40,000 per appearance.
  • November 10, 2008—

    Even as the company was pleading the federal government for another $40 billion dollars in loans, AIG sent top executives to a secret gathering at a luxury resort in Phoenix last week.

    Reporters for abc15.com (KNXV) caught the AIG executives on hidden cameras poolside and leaving the spa at the Pointe Hilton Squaw Peak Resort, despite apparent efforts by the company to disguise its involvement.

    "AIG made significant efforts to disguise the conference, making sure there were no AIG logos or signs anywhere on the property," KNXV reported.

A hotel employee told KNXV reporter Josh Bernstein, "We can't even say the word (AIG)."

  • A company spokesperson, Nick Ashooh, confirmed AIG instructed the hotel to make sure there were no AIG signs or mention of the company by staff.

    "We're trying to avoid confrontation, keep our profile low," said Ashooh.




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(1)
 
Nov 12, 2008 09:24
Great PR work guys by Cris Cohen
They must have a brilliant marketing team. I hear for Thanksgiving they are planning an event where they burn wads of cash in front of a homeless shelter.
Rating: 1

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