Just when you think you've seen it all... :rant:
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AIG Executives Blow $440,000 After Getting Bailout
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Got to love the execs at those big companies. Below is an article on the Lehman Brothers insanity:
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Look out for yourself, don't depend on the government for squat (except our incredible military), work two or three jobs, don't trust Wall Street, and horde money away in jars in your yard.Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful. John Wooden
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Ed Liddy responds to the "Executive Retreat" in question:
The event, mischaracterized as an "Executive Retreat," was held by one of AIG's insurance subsidiaries for independent life insurance agents, not for AIG employees. These agents were top business producers for the company, and of the more than 100 attendees, only 10 were employees of the AIG subsidiary who were there to represent their company. No AIG executives from headquarters attended. The meeting was planned months before the Federal Reserve Bank of New York's loan to AIG.
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