Busted, I thought the CEO said he was going to cut all “luxury” retreats. Especially if it’s on the taxpayers dime. No wonder they’re losing money, all the Executives are too busy getting massages and pedicures at exotic spas. What is wrong with these guys? The CEO and his team should be fired. They’re lying to the American people.

Breaking News!

Days before American International Group received its latest (second) government bailout on Monday, the troubled insurer hosted a $343,000 conference for independent financial planners at the Pointe Hilton Squaw Peak resort in Phoenix. The company said sponsors picked up roughly 93 percent of the tab for the Nov. 5-7 conference, but the spending still drew the ire of a member of Congress and raised questions about how AIG should be operating when it is under such intense scrutiny.

The Phoenix conference was at least the second time since September the company was involved in a six-figure event at a resort. A spokesman Monday said the company has canceled more than 160 meetings or conferences in the past month. Marianne Jennings, a professor of legal and ethical studies in business at Arizona State University, said AIG should know better than to be associated with an expensive conference.

“The reality is they have new shareholders, and those shareholders are taxpayers who are struggling …,” Jennings said. “They can talk until they are blue in the face. But this will not fly, not in this economy and not in this bailout, with everyone cutting back.” New York-based AIG on Monday also said it lost $24.47 billion, or $9.05 per share in the third quarter, after a profit of $3.09 billion, or $1.19 per share, a year ago.

It’s obvious the training isn’t working, or the company would be losing so much money. Why not try staying home and buckling down. Or have your Executives do a online or video conference. Come on, quit making excuses and get the company back on track.