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AIG’s Lavish Seminars Still Business As Usual, But Now Secret

November 11, 2008

In the wake of mass criticism for it’s lavish spa retreats, recently bailed-out national insurer AIG is working to reduce costs for its financial planner seminars. But rather than host these events in more modest accommodations AIG continues to pick opulent, scenic locations racking up resort bills upwards of $343,000  - while at the very same time pleading with the fed to provide another $40 billion in loans.

Fearing how this would appear to the public, AIG instructed the location for it’s most recent event, the Point Hilton Squaw Peak Resort that no “AIG” name or logo should appear on signs anywhere at the hotel. Secrecy was so top of mind that the hotel staff were not even allowed to utter the company name.

Investigative reporters for ABCNEWS affiliate KNXV found the event despite the lack of signage. Their hidden cameras captured AIG execs emerging from the spa, sitting poolside, at cocktail parties and at exclusive restaurants performing business as usual.

See the full story at ABCNEWS.com

Written by Larry Wiezycki · Filed Under Where's the Outrage? 

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