Oh come on, AIG needs to make its executives feel pampered. Those execs might just pack up and jump ship to a new company that needs their expertise. How demeaning would you feel if your company stock plummeted and you had to go to the government with "hat in hand" to beg for money because YOU mismanaged it? Give 'em a break......and more of MY HARD EARNED TAX MONEY.

Maybe AIG needs to come into Second Life and use that for their meetings like so many other corporations have.

I'll be glad to build them a sim. Will cost them about $ 1000.00 to get a sim, $295.00 a month for sim maintenance, and maybe $ 5000.00 to build them an amazing "executive retreat/meeting space".

No more travel expenses, no more tipping expenses, no bar bills or food charges, no hotel costs at all.

Of course, it wouldn't get them out of the office, but then, maybe they'd get more work done!

Pup

Give the greedy bastards NO breaks. They are being bailed out only because not bailing them out could be catastrophic for our country? I mismanaged nothing. It was about greed and deception, illusion and gambling.

I guess they haven't checked with the new owners of their company lately. There have been some policy changes and those that fail to follow the new policies will be terminated immediately. No pension, parachute, do not pass go, do not collect 200 dollars, go directly to jail and meet your new roomie. On a serious note, these companies that have availed themselves to the government (citizens tax monies) have to realize that it is no longer business as usual, we the people (the new owners) will not stand for this type of conduct. Personally, I think we should have let all of these companies fail, misery loves company and I am miserable with the effects from this economy.

I guess they haven't checked with the new owners of their company
lately. There have been some policy changes and those that fail to
follow the new policies will be terminated immediately. No pension,
parachute, do not pass go, do not collect 200 dollars, go directly to
jail and meet your new roomie. On a serious note, these companies
that have availed themselves to the government (citizens tax monies)
have to realize that it is no longer business as usual, we the people
(the new owners) will not stand for this type of conduct. Personally,
I think we should have let all of these companies fail, misery loves
company and I am miserable with the effects from this economy.

I could not have said this better so I coppied the gentleman above, sorry for the plagerism.

I guess they haven't checked with the new owners of their company lately. There have been some policy changes and those that fail to follow the new policies will be terminated immediately. No pension, parachute, do not pass go, do not collect 200 dollars, go directly to jail and meet your new roomie. On a serious note, these companies that have availed themselves to the government (citizens tax monies) have to realize that it is no longer business as usual, we the people (the new owners) will not stand for this type of conduct. Personally, I think we should have let all of these companies fail, misery loves company and I am miserable with the effects from this economy.

I believe AIG needs to be sold off into a few or even alot of other companies so that they will not need to be bailed out in fear of taking down the economy. I think the CEO of AIG, Ford, GM, and all the others asking for Fed help should be sent to jail for allowing this company to need a bail out. This may make other companies to think twice about asking for a bail out.

As much as I disagreed with it, there needed to be a "transitional period" and efforts to keep our economic structure from totally failing . . . BUT it is past time for that "period" to be over. By now, all of the CORRUPT CEOs or the CEOS of failing corporations should have been replaced (and indicted if applicable). Paulsen , who is heading up the Bailout effort is "one of those guys", right? By now, all of those CEOs, and upper managment personnel should have either been terminated and replaced, or bieng in the process of being replaced. The question is: "Why hasn't Congress required this???" And to those who would say that is not the function of government to demand that, then I would point out that it is not the role of government to "bail out" CORRUPT and FAILED corporations either. DESPERATE TIMES call for drastic actions.

Having our CORRUPT and INCOMPENET Congressmen and CEOs who caused and perpetuated the pyramid and Ponzi schemes in charge of the $700 BILLION Bailout program is like "putting the foxes in charge of investigating the slaughter at the hen houses . . . " The vast majority of Congress is complicit in all of this either by virtue of INCOMPETENCE or by CORRUPTION . . . there were a few Congressmen who tired to address the problems; but the vast MAJORITY of Congress fought and voted against any proactive actions. (Barney Frank (D-MA) being the best known of them all; Pelosi being another; so it wasn't "just a Republican "failing" . . . we have to look at the actions of EACH individual Congressman for PERSONAL ACCOUNTABILITY in regard to all of this.

I SHOULD LEAVE THIS SPACE BLANK.

BECAUSE THAT IS THE WAY I FEEL ABOUT AGI SPENDING OUR HARD EARNED TAX DOLLARS.

IT'S A CRIME...

The argument for higher monetary compensation has always been that it is needed to hirer and /or retain the best brains, ability, talent, whatever ad infinitum- well we have been paying these flim flam artists millions -- the best ??? the best in business , politics , education ???? than tell us why the hell is this country in the mess that it is in ????? I'm certain that a lot of backroom bar loudmounths could have led us down the same roads for a hell of a lot less money ! No one deserves millions of dollars in compensation it is ludicrous!

Someone should fire this arrogant smuck! It is obvious to most of if not all of the world that his time has come.....and he should leave with what he came with! And as a stock holder I am sick of behavior from people like this......in the old days, he would be tied to a chair and dunked in the river till he confessed his sins! JERK!
John J. Nazarian

I understand that morale is low, but to have a waste of our money for senior leadership to receive perks that they do not come close to deserving is wrong. They got into this mess by a lack of fiscal oversight and leadership. I wonder what the real workers of AIG get. Not a damn thing and it is their 401k money they are messing with. It is a sad day of corporate leadership. I wonder if anyone in the corporate office said "hey this may not look good" or did all of them think "I am going to get everything I can, me, me, me"

What I don't understand is all the government oversite committees that protect the spotted owl, and the wild life in alaska etc,etc. I KNOW THERE ARE BANKING OVERSITE COMMITTEES BUT ALL I HEAR ABOUT IS HOW EVERY TOM DICK AND HARRY IN THE PRIVATE SECTOR AND WALL STREET RIPPED US OFF! Maybe someone should look into these committee chairmen and see why they allowed this to happen and now there rewarding all those who ripped us off in the first place! Never vote for an incumbent, it takes them one turm to learn how to steal!

you really think these people care what we say about this ? hell no.... they will just use what they can from the Goverment, then go into Chapter 11 or 13.. then what folks ? we still pay their tab.. they should all be tied down to an ant hill and pour Honey on them... then walk away..

Get rid of him! He's not THAT stupid... come on!! He knew exactly what he was doing. There are much cheaper ways to conduct seminars and we all know it. Doesn't his big ol' office building have classrooms and conference rooms? Fire his ass.

Perhaps those complaining about AIG should get a better idea about the actual agreement AIG made with the Federal Goverment and how much interest and principal will be paid back to the Feds- to ultimately bolster the US Treasury.

Was anyone complaining about AIG when the company paid $5 billion after Katrina. Was anyone complaining when this company went back into the Gulf stricken areas and provide companies and individuals with insurance- when others could not. It's funny how quickly individuals forget about the good things that companys actually do. How short sighted...

In general, AIG insured mortgages after the banking industry freely provide mortgages without accurately assessing risk.I question why the banking industry is not be scrutized further for the part it actually played in providing mortgages to those who financially could never afford them in a market with no regulation.

In terms of meetings for top salesmen or producers- those that positively affected a companies bottom line are always taken care of. Exspecially those top producers who bring millions of dollars into a company.

While all of us "average joe citizens" have to budget and scrimp to pay bills and keep decent credit, AIG execs have lavish retreats on our dime!! I consider my family to be fortunate as we can still meet our bills. But it is tight, and we have 3 children. Christmas will be a real struggle this year, as the bills seem to take it all.
The government rushed to the aid of AIG stating that if AIG were allowed to go under it would cripple the economy. Meanwhile, the decision to bail out the Big Three (auto makers) needs much deliberation...no rush there!! So many jobs are tied to the automotive industry that the collapse of the Big Three will be what devestates the economy (more than it already is). If the auto industry is allowed to sink and the idiots at AIG are allowed to get MULTIPLE bailouts, who will be left to invest their money in AIG???? Nobody will be able to afford their insurance and other products!! I say rescind every penny given to AIG and give it to the Big Three!! If we have to bail out anybody it should be the automakers!!
I am sure that many others will agree when I say that if I can't afford to go on vacation then why should AIG get to use even one cent of my money for their insanely extravagant "meetings"?
The inmates are officially running the asylum!!!

Business is simply people pursuing money. Whose it was is of no interest. Who gets it next is also dull. I/we have it now is the best. What we had is sort of sad, but what we don't have now is the worst. Where are these magic bail outs coming from, Santa Claus?

the banks get bailed out by the taxpayer and reduce the tax payers credit and raise interest rates . insurance (aig) gets bailed out and they throw a bash with the taxpayers money. the airlines get bailed out and they raise fairs and cut service.
IT IS TIME TO STOP THE BAILOUTS HECK THE AMERICAN AUTO INDUSTRY CAN"T MAKE A CAR WITH A WARRANTY THAT WILL LAST LONG ENOUGH TO PAY THE DAM THING OFF, WHEN A YOUNG PERSON GOES TO THE DEALER THEY PREY ON THEM. IT'S TIME TO FIRE THE AMERICAN AUTO INDUSTRY AND LET OPPERTUNITY OR VACUMM LEED TO BETTER BUISNESS MODLES. LOOK THE AIR LINES GO UNDER AND THE PASSENGERS WILL STILL NEED FLIGHTS THE AIRPORTS WILL STILL BE THERE THE PILOTS WILL NEED JOBS AND THE AIRCRAFT WILL BE READY FOR NEW BUSINESS MODLES

YES, YES, YES Let AIG CEO Liddy TRY to find another job. Anyone want to explain to him how bad the job market is? Maybe he could use his experience as a conference facilitator. Following is a blog I submitted previously and will keep sending to every blog and/or paper, person who will listen. Love to hear Liddy try to defend himself. A crock.

ENOUGH already! Just how STUPID are those in charge at the asylum known as AIG? Worse yet, how stupid do they think the public is? It was bad enough when they launched their first 'get away' and now another one that they tried {in vain} to hide. What an insult to the execs and employees at Lehman Brothers who were NOT offered any assistance and the stockholders who went down with that ship. AIG gets help TWICE and BOTH times they celebrate at our expense. WHY are we giving them MORE money? Do they have another 'conference' at a spa booked already? The average taxpayer {you know ~ the ones paying the bills!} sits at home at night wondering how to make it to NEXT payday and hoping that there will actually BE one. These idiots have the incredible gall to PARTY while the rest of the world spins out of control. And, we give them MORE money to make it all possible. Now who is crazy? Since they so obviously are not going to reap the rewards of their selfish extravagance in THIS life, let us all hope there is a very special place reserved just for them, in the next one ~ and that it's a lot hotter than Phoenix!