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Tag Archives: AIG
Investor extraordinaire Jim Rogers has harsh words for the government’s interventionist economic policy. That policy, which he dates back to the Bush administration, verges on communism, he told Moneynews’s Dan Mangru in an interview. “America now owns the car industry. … Continue reading
The 2008 AIG bonus pool just keeps getting larger and larger. In a response to detailed questions from Rep. Elijah Cummings (D-Md.), the company has offered a third assessment of exactly how much it paid out in bonuses last year. … Continue reading
Insurance giant AIG, the same company that rewarded its executives with millions in bonuses and spent hundreds of thousands of dollars on a spa retreat at an exclusive California resort and private jets, has been nickel and diming employees of … Continue reading
A $200 billion lawsuit filed on behalf of shareholders of American International Group has been amended to include Treasury Secretary Tim Geithner, former Treasury Secretary Henry Paulson and former Securities and Exchange Commission Chairman Christopher Cox as defendants. The case, … Continue reading
AIG Spent $440,000 of Your Bailout Money Taking its Executives to a Posh California Retreat to Celebrate the Stupidity of the American Taxpayers!
WASHINGTON (AP) — Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company’s meltdown. AIG … Continue reading