MUG SHOTS OF THE WEEK:
Click here for our latest installment
Rock Out With Your Bailout
After government rescue, insurance firm AIG partied at swank resort
OCTOBER 7--Days after federal officials agreed to an $85 billion bailout of American International Group, the insurance firm spent more than $440,000 for a corporate retreat at a swanky California resort. An invoice from the week-long getaway, a copy of which you'll find below, was obtained by the congressional panel that has been holding hearings this week about Wall Street collapses and executive excess. The late-September AIG gathering at the St. Regis Resort in Monarch Beach cost $443,343, according to the invoice. The six-figure sum covered hotel rooms, banquets, golf fees, and spa services at the resort south of Los Angeles. However, company funds apparently were not spent on
exploding cakes or urinating ice statues. (2 pages)
<!-- $Id: fea_link.asp,v 1.7 2004/06/01 19:11:19 sergey Exp $ --><SCRIPT>function openWindow2(theURL){ winName = 'emailthis'; features = 'scrollbars=yes,width=485,top=185,left=128,resizable=no,height=' + (screen.availHeight-370); theWindow = window.open(theURL,winName,features); theWindow.focus();}</SCRIPT>
E-mail story to a friend.
<SCRIPT src="http://d.yimg.com/ds/badge.js" ____yb="1" showbranding="0" badgetype="small">the_smoking_gun:http://www.thesmokinggun.com/archive/years/2008/1007083aig1.html</SCRIPT>
Buzz up!
<SCRIPT src="http://www.fark.com/farkit.js" type=text/javascript></SCRIPT><SCRIPT type=text/javascript>var tsgarr = document.title.split("-");farkItButton(escape(tsgarr[0]), "http://www.thesmokinggun.com/archive/years/2008/1007083aig1.html");</SCRIPT>
<SCRIPT type=text/javascript>document.write("
");</SCRIPT>
<STYLE>#emf p{margin:0; padding:0;}</STYLE>
<!-- close mainstory -->
<TABLE id=documentcontainer cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD id=prevtab></TD><TD id=document><!-- document is here -->
</TD></TR></TBODY></TABLE>
<TABLE id=documentcontainer cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD id=prevtab>
</TD><TD id=document><!-- document is here -->
</TD></TR></TBODY></TABLE>
