It seems my recent blog post about AIG’s recent $400k spa and retreat “vacation” has struck a chord not only with
readers, but AIG corporate relations as well.
Here is the comment they posted on my blog, in relation to my previous posting.
Earlier today, AIG announced an important policy change – one that we wanted to be sure you knew about.
A short time ago, our Chairman and CEO Ed Liddy said that he has ordered the immediate cancellation of all outside meetings, conferences, and recognition events across AIG, except those that are required by law or that are deemed absolutely critical to sustain our ongoing business needs.
Given AIG’s commitment to our customers, business partners, regulators, and American taxpayers, coupled with the new and very different challenges our company now faces, we take these responsibilities extremely seriously. Their trust is critical to our success. We recognize the need to be sensitive about all company expenditures.
As we move forward, we will continue our focus our efforts to pay back the $85 billion loan from the Federal Reserve Bank of New York as quickly as possible.
I understand employees deserve to be rewarded for a job well done, I personally felt the “spa retreat” was a bit excessive. If I were an employee of AIG, I would be thankful I still had a job. On a side note, if you would like to read the minutes from the AIG retreat, click here! Priceless!


Thanks, good information and great to see people keeping on top of this!