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Home » News » Budget

Wednesday, October 8, 2008

AIG followed bailout with $440K retreat

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Lawmakers hit ex-executives on oversight

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flexfamily

What a slap in the face! In the old days people we're tarred and feathered for stuff like this. At least yank the money back on the bailout and make them pay! Of course we don't have a say anymore in this country, all the politicians are bought now by these people.
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nickt1y

They don't have the class to jump out the window, perhaps they should be pushed! Such F*ing arrogance, they need to go to jail and be barred from corporate leadership for life.
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hipshot

This was probably a LOT more effective than contributing 440K to the Obama campaign.
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GAMom3

Those of us who weren't thrilled with the idea of a bailout, because it meant just that, bailout, are now being proven right and it shows there are NO MORALS or ETHICS in big business- another thing for ALL of the world to see- Pat all those people on the back, government, employers, CEOS, employees and the resort! As a former spa industry employee, I could REFUSE to perform a treatment and those people did know who those people were and should have stood up for their ethics and morals! and refused! This encompasses so many and it is so sad! Have a great day!
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natalie

All their names should be made public so we can all know who would be so socially irresponsible.
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jack_burton

1) Ignorance abounds... 2) This "retreat" is a standard part of every insurance company and the way it holds onto it's INDEPENDENT CONTRACTORS who could pick up and leave for any other insurance company. 3) This "retreat" was actually PAID FOR by directing a portion of the commission that each insurance saleperson earns into a pool. Instead of paying, say, $320 on a commission the commission instead becomes $310. At the end of the period, the Top Fifty, or Sixty, or a Hundred, have earned the right to go on the retreat. Every salesperson who has ever tried to qualify for such an event knows that is the way it works. They are paying for their own retreat in the long run. If they ~don't~ qualify? -- Well, there's always next year. 4) The goal is threefold. Encourage the sales staff to sell more, which strengthens the company... gives the sales staff a reason to stick around, which strenghens the company... and gives the opportunity to rah-rah the very best sales folk and encourage them with being around the other successful people... which strengthens the company. 5) This retreat was probably planned a year ago and the contest started about eights months ago. 6) For all you complainers out there, don't you feel a little stupid right about now in commenting on something that you have absolutely no clue as to what you are whining about.
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jack_burton

"Guess what yall, this probably wouldn't be the best idea right now." 1) When you run a contest such as this it pretty much invokes a little something called a "contract" between the agents and the company. The company cannot just change it willy nilly anymore than your company can tell the employees on Friday that starting Monday the workweek is now doubled and, by the way, we're cutting your salary by a third. 2) Are you really suggesting that an insurance company totally torque off their very best, top agents and give them a reason to take their skills and business somewhere else?
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