But the shooting was great ...
I have discovered the poster boys for the greed and deceit that has infected corporate America and brought on the Big Bust: the entire management of AIG. AIG, you may remember, is the giant insurance company deemed too big to fail by the Feds and thus bailed out with $123 billion by taxpayers. That would be me, you, and your grandchildren.
Here in a column by Maureen Dowd is the way three execs for AIG have shown their appreciation: they went on a hunting spree in England, no expense spared. Just in case you don't get the point, one exec put it into perspective:
A.I.G. big shot Sebastian Preil held court at the bar and told an undercover reporter, “The recession will go on until about 2011, but the shooting was great today and we are relaxing fine.”
Fear not. Andrew Cuomo, one of those class-warfare spouting Demos, has a solution:
Cuomo got A.I.G. to instantly reverse itself and cancel 160 conferences and other events that would have cost more than $8 million, as well as give up information on compensation, bonuses and other payments to determine whether they were fitting. (How could they be?)
“We stopped a $10 million severance payment to Stephen Bensinger, the chief financial officer,” Cuomo told me Friday. “Just look at the words chief financial officer. There’s a phenomenon when senior management sees the corporation deteriorating and they concoct a version of looting the company to take care of themselves.”
So, Madame Dafarge, how would you like your cake?