October 9, 2008
AIG employees go on vacation but TSA crook doesn't. Actually seems fair to me...
The biggest vacation in the news is the one mentioned in this article, the one AIG's top performers took that cost $440,000. I know that people who sell a lot of stuff get rewarded and I guess they should since they make money for the company. It happens in insurance, it happens in network marketing, and it probably happens in other industries as well. The timing here was pretty bad though...
This article mentions what I think is making people angry:
The retreat didn't include anyone from the financial products division that nearly drove AIG under, but lawmakers were still enraged over thousands of dollars spent on catered banquets, golf outings and visits to the resort's spa and salon for executives of AIG's main U.S. life insurance subsidiary.However I think this is misleading - my understanding is that the people on vacation were the sales people who sold a bunch of insurance, not the executives who most everybody thinks are responsible for this mess.
Speaking of the economic mess, that does mean good deals on Caribbean vacations according to this article. Hopefully we'll see more great travel deals. I know some people won't be in a position to take advantage of them thanks to rising unemployment but all I can do is use that as inspiration to work harder, improve my job performance, and make myself too valuable to get rid of. If my school can't afford to lose me, then I figure they'll keep me. It's certainly not easy to make yourself that valuable but I'm trying...
Anyway, for example, here's a Sandals deal from the article:
Sandals Resorts has extended a promotion, first offered earlier this summer, which gives guests an airfare credit of up to $550 when they book a three-night stay by Oct. 23 for travel through Dec. 20. The all-inclusive resort, which caters to couples, is also offering additional perks like spa credits this year, says Mitchell Nover, media coordinator at Unique Vacations, which handles sales and marketing for Sandals Resorts.That one caught my eye because I've mentioned Sandals before.
Here's another story - in this one a criminal TSA agent wants to leave the country for his honeymoon and his lawyer makes a pretty funny comment: "Obviously, they could have waited until Mr. Brown returned from the Dominican Republic."
Why should we wait to begin punishing this guy who abused his TSA position and stole (and he has confessed apparently) cameras and laptops from travelers at Newark Airport? I wonder how much impact this will have on TSA's image, considering that readers here have already leveled plenty of criticism.
Posted by James Trotta at October 9, 2008 10:56 PM | TrackBack
I think the government is bailing out the wrong individuals. They should bail out non-exempted employees who worked diligently to make these executives flourish. When my former company went stock, we headed down to the unemployment offices while the CEO and four administrative executives walked away with millions in their pockets. It is unfair that corporate America continues to steal money from those who worked the hardest.
Posted by: AM at October 11, 2008 4:59 PM