| |
|
A few days after the federal government unveiled an $85 billion bailout package for the insurance company AIG, executives from one of the firm's subsidiaries went on a week-long retreat to the St. Regis Resort in Monarch Beach, Calif. The tab: $443,000.
"I was totally unaware that there was any plan for any conference," AIG's ex-CEO, Robert B. Willumstad, said today during his testimony before the House Oversight and Government Reform Committee. "Had I been aware of it I would have prevented it from happening."
External Source - For the complete article click here
Source - Washington Post
|
|
