AIG Spends $86,000 for a Hunting Trip in England

Despite what AIG said to this very blog on October 9… and I quote:

A short time ago, our Chairman and CEO Ed Liddy said that he has ordered the immediate cancellation of all outside meetings, conferences, and recognition events across AIG, except those that are required by law or that are deemed absolutely critical to sustain our ongoing business needs.

AIG now finds itself justifying yet another extravagant expenditure. This time it is $86,000 for an executive hunting trip in England. Company spokesman Peter Tulupman responded Wednesday morning by saying,

This was an annual event for customers of the AIG property casualty insurance companies in the U.K. and Europe, and planned months before the Federal Reserve Bank of New York’s loan to AIG.

According to the Associated Press:

AIG officials declined to say which AIG executives attended the trip, which reports have said racked up an $86,000 tab. News of the hunting trip surfaced just days after AIG received an additional $37.8 billion loan from the Federal Reserve, on top of a previous $85 billion emergency loan granted last month.

Apparently, this “outside meeting” is deemed absolutely critical to sustain their ongoing business needs.

Hey AIG… I want my $122.5 billion bailout back!!!!!

Advertisements

2 responses to “AIG Spends $86,000 for a Hunting Trip in England

  1. Pingback: Outdoor Activities

  2. Nice, and after that they’ll say that expenses grew

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s