That Guy on 09 October 2008
well its spun like its the executives rolling around in government money after the bailout.
Really, its just a case of bad PR and bad timing.
The vacation was really to a bunch of independent contractors, or Insurance Salesmen. These were the best of the best. Basically it was a reward for these independent contractors who brought in the most business.
Basically it was one of the perks of selling the most policies in the company.
Since its the business of sales, I understand why they (AIG) needed to take care of their guys. It just looked really bad in the midst of the bailout. In reality, they probably should have cancelled the whole vacation and took care of their contractors in some other discreet way.
