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AIG Execs Hold Another Luxury Retreat

HeadlineNov 12, 2008

And executives at the government-rescued insurance giant AIG have been caught holding another secretive gathering at a luxury resort. Using hidden cameras, local ABC News reporters filmed AIG execs poolside at the Pointe Hilton Squaw Peak Resort in Phoenix, Arizona. AIG has admitted to asking the hotel to ensure there were no AIG signs and to instruct staff not to mention its presence. It’s at least the second known resort getaway for AIG brass since their government rescue. In September, company executives held a week-long, nearly half-a-million-dollar retreat at a luxury resort just days after receiving an initial $85 billion in taxpayer money. On Monday, the Bush administration said it would give AIG an additional $40 billion, bringing its taxpayer tab to $150 billion so far.

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