Four top AIG executives flipped U.S. taxpayers the bird by spending $86,000 on a partridge hunt at an English country manor as the feds gave their struggling firm billions to stay afloat.
The heedless hunters and their guests traipsed through the fields in tweed knickers, firing at defenseless birds and later washing down pigeon breasts and halibut with “the finest wines taxpayers’ money can buy,” the London-based News of the World newspaper reported. There were at least three New Yorkers in the group – Jeffrey Malkovsky, a senior director at AIG’s Manhattan office, Hilary James, the general manager of the luxurious Bristol Plaza Hotel, and her pal, John Roberts, who also advises AIG, sources said.
In interviews with undercover reporters, the AIG honchos said they were aware that the markets were crashing back in New York – but were more interested in bagging birds.
“The recession will go on until about 2011 – but the shooting was great today and we are relaxing fine,” AIG honcho Sebastian Preil was quoted as saying. Preil wasn’t the least bit embarrassed that AIG, which got its first $85 billion bailout from the feds last month, needed taxpayer money to stay in business. The hunting trip came the week AIG got a second loan of $37.5 billion.
“We should be on an even keel in two years,” he reportedly said.
Another AIG executive, Alvaro Mengotti, “slurped fine wine” while dispensing advice on surviving the financial crisis. “Invest your money in gold,” he reportedly said.
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These brain dead nincompoops have my money. They bought the company I invested with. Can I sell them for dog food? Maybe the Saudi would like them for harem guards? I hear slavery is still legal there.
It’s just possible that some psycho lost money to these guys and…
While people who’s facing foreclosures are hunting rats for dinner!
No where does it say that AIG paid for this holiday. So I have to assume that these executives paid for this themselves out of their compensation.
Unless their compensation was cut off, and as far as I know it was not, then they are free to waste it on whatever the hell they want.
If anything, this shows they were overpaid in the first place if they have enough discretionary income and savings to do this.
This story is a stretch of the truth. And par for the course for the UK tabloids.
Weekly World News goes out of business.
News of the World picks up the slack.
BatBoy flies off to marry Princess Anne.
There’s plenty to get angry about. I’ll wait until this story appears in a more reputable journal (The National Enquirer, maybe) to get upset.
Uh, I guess Dick Cheney couldn’t make it that weekend?
Tee hee to Moss re Cheney. Typical friendly fire.
Pity Beckham didn’t join the bender.
The posh bastards would have loved to Spice it up some what.
So to speak !
Sounds like a Onion story!
If you watch the interview of the CEO on msnbc.com, you get the picture these guys are out of it.
They think everything is OK and commend the government. The CEO of AIG is no more, but still can’t see he bankrupted the company in a very short time with a very high-risk derivative model.
We need to have an executive hunt! Man sized skeet trap anyone?
I’m trying to discover where the following received their MBAs. Anyone know?
Sebastian Preil
Jeffrey Malkovsky
Hilary James
John Roberts
Alvaro Mengotti