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November 20th, 2008
06:49 PM ET

AIG: What are they thinking?

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/POLITICS/11/11/aig.conference/art.aig.afp.gi.jpg]
Editor's Note: If you're aware of any other flagrant spending by companies receiving bailout funds, let us know.

Ted Leonsis
Owner, Washington Capitals and former AOL executive

My family uses AIG as an insurance company on our homes and personal effects.

We received in the mail today a huge Tiffany box with two champagne glasses within as a thank you for our business and for good cheer this holiday season.

Arrgghhh! Are you kidding me? Please! Save the money and keep some people employed. Give the money to charity. Take less money from the taxpayers...

Read more...

Editor's Note: If you're aware of any other flagrant spending by companies receiving bailout funds, let us know.


Filed under: Bailout Turmoil • Raw Politics
soundoff (12 Responses)
  1. Donna

    This recent AIG gift-giving disclosure is one more reason to insist that oversight be a necessary component to any bail out program. Here's my question: Why is it that congress is demanding so much from the auto industry before they're willing to help them, but were so lax when it came to the financial/insurance industry?

    November 21, 2008 at 3:38 am |
  2. rod

    AIG's symptoms indicate Greedamongus; def. uncontrollable defecation, contagious and terminal. The only sure cure. Complete dismemberment. My recommendation is complete disassociation, Ted. It's for the best. AIG can't be helped.

    November 21, 2008 at 1:59 am |
  3. Protect your privacy

    i quess they are thinking about going on welfare

    November 21, 2008 at 1:57 am |
  4. Kim

    Send the money for Public School buildings ! Especially in our inner city ! Make sure the kids are okay in this economic crisis and have the resources and support needed ! The St. Regis spa ? Sheep wool,rum,wooden arrows and bike trails with repairs on race tracks ? Avotresaunte !

    November 21, 2008 at 1:50 am |
  5. Texas

    AIG, and all of the CEOs (and their families) of all of the other "important" companies have some nerve vacationing via first class, having their fancy dinners and wine- while middle class America struggles to put food on their table! I'd return the Tiffany box and champagne glasses, to the nearest AIG office! (Don't waste a stamp!).

    Not all of us were born with a silver spoon in our mouth...some of us have to "earn" a living!! Some of us don't get "bonuses"!

    November 21, 2008 at 1:48 am |
  6. Jane

    Are the management at AIG stupid or what! Fire them all.

    November 21, 2008 at 12:59 am |
  7. J.V.Hodgson

    You can add to that huge political lobbying payments and political campaign donations. Cap them all at a maximium in any one financial year, and campaign costs to be funded at state level for House and senate ( no interstate contributions) and By national government for presidential elections and rules for media coverage time wise, equals equal time for all candidates at pre agreed rates at the state and national level.
    527 must be bi partisan and spend equal resources, money and time on support or against of all candidates state and National.
    Then elections might be about issues and policies and not pure scandal and fear mongering.
    The media unfunded by outside political bodies or sources can do its own investigative work, based on independently verified fact only not speculation or innuendo and get away with it if true or be sued if false under libel and slander laws.
    Its called keeping them honest or digging deeper, but only when you have categoric fact not rumour and limited sources.
    Regards,
    Hodgson.

    November 21, 2008 at 12:47 am |
  8. CaseyJ - Palm Springs, CA

    Man, is this backwards. Our country desperately needs fresh thinking at all levels of government and business. This is just incredible. I'm not a spring chicken, but the "old guys" really need to go–they are their own best enemies.

    November 21, 2008 at 12:09 am |
  9. Luther

    I am up to HERE with this poor judgement from our leadership. SHAME on them, and SHAME on our Congress that gave them billions of our tax dollars!!

    November 21, 2008 at 12:06 am |
  10. debby

    We can already tout that as ridiculous old school PR.

    November 20, 2008 at 10:56 pm |
  11. Sheree Moyer

    Anderson,

    As a US tax payer I want to know why th e record profits GM is making in China ia not coming back to help sure up their US interests before the tax payer has to foot the bill? Another fleecing of America?

    November 20, 2008 at 10:56 pm |
  12. Cindy

    AIG isn't thinking!! That is their problem and why they are in the shape that they are in. They let money hungry people run the company into the ground while the higher ups got rich.

    Cindy...Ga.

    November 20, 2008 at 6:56 pm |