Insurance giant AIG is having a hard time overcoming its greedy image, but it's hard to change public perception when the company keeps making self-indulgent mistakes. People were infuriated by news that AIG sent its top sales executives on a posh $442,000 retreat just one week after the government approved an $80 billion bailout for the company. Old habits, they die hard.
As AIG asked for another $37.8 billion from the Fed, it made the thoughtless decision to send executives on a taxpayer-supported $86,000 hunting trip. New York Attorney General Andrew Cuomo isn't taking AIG's spendaholic ways lightly, and said these expenditures violated state law. The company responded to attacks regarding the hunting trip with a shoulder-shrugging sorry: a spokesperson said, "We regret that this event was not canceled."