Thursday, October 16, 2008

Corporate excess

One week-long resort retreat for top sales staff            $442k 
One partridge hunt in England                                      $ 90k

And that's just the small stuff.

CEO bonus                                                                            $5M
CEO golden parachute                                                         $15M

Top executive bonus                                                           $34M
Top executive post-resignation perks                              $1M per month

Sure all this money barely makes a dent into the $85B line of credit extended to this company, AIG, by the Feds, but still, in this day and age, how can they possibly justify all these excesses?

And it's not just corporate America that should be criticized. I know for a fact that a certain local company on a press junket to New York bought something like 15 Broadway seats for six times their face value through the concierge of their hotel. And of course there are little details like flying in first class and staying in expensive suites. 

But maybe I shouldn't be complaining so much since I'm about to join the corporate world of excess too. After all, money makes the world go 'round, right? So someone has to spend it...

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