The infamous AIG party

AIG logo

The outing at issue was the type of company conference that American companies fund each year. Unfortunately, due to the timing, the issue has become a media frenzy. Even the White House couldn't resist criticism and CNN keeps blaring, "Spa treatments! Spa Treatments!"

Any large insurance company selling through independent reps holds a similar conference to reward and motivate top performers. These events are planned years in advance. They are simply a cost of doing business. Should AIG shut down incentives like this one for independent sales agents?  If so, there's no incentive for them to sell AIG products, ipso facto. I own shares of AIG, but even if I did not, my reaction to this storm would be the same.