You’ve surely heard the story by now: freshly flush with billions of taxpayer dollars1 AIG big shots treated themselves to a little executive-class R & R — a soiree, I presume, to take their minds off their troubles — and ran up a tab of more than $400,000.2
What hasn’t been as widely reported is that AIG planners had another little event on the books… this one scheduled for next week at the Ritz Carlton at Half-Moon Bay, pictured here (and a lovely little place, too, isn’t it?) Sadly, this latter party has hit the skids:
Earlier today, AIG announced an important policy change – one that we wanted to be sure you knew about. A short time ago, our Chairman and CEO Ed Liddy said that he has ordered the immediate cancellation of all outside meetings, conferences, and recognition events across AIG, except those that are required by law or that are deemed absolutely critical to sustain our ongoing business needs.
Party planners are, of course, devastated… and trying to figure out what to do with 2,300 pounds of canapes, each in the likeness of Hank Paulson.