Hey AIG, where’s my pedicure?
Filed under: Scandals, Amer Intl Group (AIG), Politics
After receiving an $85 billion taxpayer bailout, you would think that the executives at AIG (NYSE: AIG) might have moderated their lavish lifestyles and behaved like the de facto civil servants that they now are.You would think but during a House Oversight Committee hearing, Rep. Elijah Cummings, D-Md, described what actually happened: a vacation:
After the bailout of AIG last month, the United States government effectively bought an 80% share in the company. That should have caused a fundamental change, you would think, in how the company was spending funds on compensation, bonuses and benefits.
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