ISU2008

They mentioned this on the Bob & Tom show. They said it was like planning a birthday party for grandma, then going ahead with it even after she died.

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I think all radical muslims should skateboard. After all, they are radical.

RYou

AIG was in a bit of a pickle, but still I think those involved would have understood if the junket was cancelled.

Most of those attending were not employees of AIG. They were independent agents that sold AIG life insurance products, one their most profitable insurance lines. The AIG sales team there to entertain. AIG offers this trip as an incentive to sales performance. They bring in the top sellers each year. Lots' of businesses do this and can be more important in down times than in boom.

Could they have cancelled, sure. They have cancelled a similar wingding scheduled for later in October.

I'm not justifying their actions, just offerring a little more information into the equation.

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19-0 ? Hell No ! 18 Wins and 1 GIANT Loss !

Cyclone85

I agree; this should have been canceled *pronto-like* after the 85B 2-year loan @ 11%. While the insurance companies under AIG are financially strong, the holding company should have demanded that the trip be called off. This is inexcusable. Completely unacceptable! Unacceptable!!

Among other things, the holding company wrote thousands of credit-default swaps (to the tune of hundreds of billions) which were incorrectly priced. Nice job out of AIG.....

A team of 1,000 Michael Milken's would not be able to figure this company out.

Cyclone85

I love your avatar. I'm a huge Conan fan and I can't wait for him to take over Jay's spot. I am neutral on Jay (as he is a below average interviewer), however, I do enjoy his 'street' spots. Jay is definitely a better stand-up than a late night talk show host. Conan will shine in the 10:30 spot.....