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The AIG Spa Response

In the midst of a financial crisis and massive bailout, part of the American International Group’s (AIG) response is… golf. It is a resort retreat that cost $440,000 and included spa treatments and banquets, along with the golf:

“The White House said on Wednesday it was “despicable” that American International Group Inc. executives spent hundreds of thousands of dollars on a posh California retreat just days after getting a federal bailout.”

link: White House Assails AIG Spending Spree

It would be illuminating how AIG can justify this. Are there no consequences to this type of behaviour?

Catherine Forsythe

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