Archive for the 'AIG' Category
Senator Mitch McConnell, Where Is Your Heart?
Jim Pence September 18th, 2008
It has been said “for where your treasure is, there your heart will be also." So let’s take a few minutes and examine where Mitch McConnell’s heart is.
Remember Senator Mitch McConnell saying this March. 6, 2005 on Meet The Press? " That personal accounts are is an extraordinarily good investment. Let’s take a 25-year-old, for example. Invests $1,000 in regular Social Security, gets a 2 percent return over 40 years, he gets $61,000. That same young person investing that same $1,000 in a personal retirement account, looking at the average return on investment of the stock market, would get $100,000 more. Why don’t we at least discuss that in the context of the overall effort to save Social Security for our children and our grandchildren?"
Those of of that knew what was going on then and now, know now what Senator Mitch McConnell wanted, he wanted to infuse Social Security money into the stock market to drive the market up temporarily, so his rich pals could make a quick killing and increase their wealth and then his rich pals would bail out of the market, leaving regular folks holding the proverbial empty bag.
Remember SCHIP and how folks like Senator Mitch McConnell fought tooth and nail to defeat a program that would help provide healthcare to our children at a cost of $35 billion over five years.
Remember Mitch saying this "Our Democratic colleagues have taken SCHIP hostage , and what they want in exchange is Republican support for government-run health care., courtesy of Washington."
Remember Medicare Part D and how folks like Senator Mitch McConnell voted against allowing Medicare to negotiate with drug makers to lower the price of medicine for seniors.
OK I could go on and on here, but it’s obvious where Senator Mitch McConnell’s heart is when it comes to regular folks and he, Senator Mitch McConnell, has no problem telling us, but when it comes to his rich pals receiving gaudy amounts of money while running their companies in the ground he , Senator Mitch McConnell, is silent.
Senator Mitch McConnell’s ties with AIG .
Senator Mitch McConnell seemed to approve of AIG CEO Martin Sullivan’s $47 million severance package back in July and the reason I say this is because Senator Mitch McConnell never hesitates to express how he feels and he approved of this gaudy $47 million severance package for his pal Martin Sullivan with his silence. Here in Kentucky we call that welfare for the rich!
Senator Mitch McConnell, with his silence, also approved the gaudy millions paid to the CEO’s of Fannie Mae and Freddie Mac.
Fannie Mae CEO Daniel Mudd reaped a 7 percent rise in pay to $13.4 million in 2007 while the company lost $2.1 billion and its shared fell 33%. How would you like to have a job like that?
Using a pay-disclosure measure that the SEC prefers, which treats the value of stock and options differently, Freddie Mac chief Richard Syron ‘s pay for 2007 was $18.3 million , up 24% from 2006. That ain’t bad either.
Where is Senator Mitch McConnell’s heart? Follow the money all $800 billion of it!
AIG And Welfare Golfing
Jim Pence September 17th, 2008
AIG is holding a golf challenge for a bunch of lazy ass greedy CEO’s, with our tax dollars and folks like us that are paying to bail out AIG don’t qualify as participants.
This event is only open to CEO’s, Presidents, and Owners of companies with at least $2 million in annual gross revenue (C-Suite executives of companies with at least $5 million revenue also invited to attend) at a all-inclusive cost: $3,800 per person (add $500 for guest fee).
What a joke (Welfare Golfers).
CEO Golf Challenge Presented by AIG
The CEO Golf Challenge and AIG Private Client Group are very proud to present this amazing opportunity.
Play in the CEO Golf Challenge and you could win one of two spots in the Merrill Lynch Shootout Pro-Am where you will play with PGA TOUR professionals.
Don’t delay we anticipate this event to sell out quickly!
Space is limited to 24 players.
The Ritz-Carlton Golf Resort - Naples, Florida
Schedule of Events:
Monday December 8:
Arrival and check-in at The Ritz-Carlton Golf Resort
12 noon - Practice round at the Greg Norman designed Black Course at Tiburón Golf Club
After golf - CEO Welcome Reception, Dinner and Pairings Party
Tuesday December 9:
CEO Golf Challenge Competition Day:
9am - CEO Golf Challenge tournament is contested on the Greg Norman designed Black Course at Tiburon Golf Club
Boxed lunch at the turn
CEO Cocktail Reception and Awards Dinner to follow
Top 2 golfers will accompany Greg Norman to the Merrill Lynch Shootout
Pro-Am Pairings Party
Wednesday December 10:
Depart. Top 2 golfers play as guest of AIG in the Merrill Lynch Shootout Pro-Am First Round (Shamble)
Thursday December 11:
Top 2 golfers participate in the Merrill Lynch Shootout Pro-Am Final Round (Best-Ball)
Friday, December 12 - Sunday, December 14:
Opportunity for CEO golfers to stay and attend the Merrill Lynch Shootout tournament (incremental fee)
What’s Included:
* Opportunity to win one of two spots to play with AIG executives in both rounds of the Merrill Lynch Shootout Pro-Am on December 10 & 11
* Private reception with Greg Norman
* Two rounds of golf at the Greg Norman designed Black Course at Tiburon Golf Club
* Full use of the practice facility on Monday and Tuesday
* Two nights accommodations at The Ritz Carlton Golf Resort in Naples Florida (Dec 8 & 9)
* Extra two nights accommodations for the top two golfers participating in the Merrill Lynch Shootout Pro-Am (Dec 10 & 11)
* CEO Welcome Reception & Dinner
* Lunch on competition day
* CEO Awards Reception & Dinner
* Crystal awards for the top three golfers presented by Greg Norman
* CEO Golf Challenge apparel
* Fabulous entrance package
* Biography of each CEO, and their company, listed on the CEO Golf Challenge web site and in a special printed program for the event
* Charity contribution to CureSearch on behalf of each CEO Golf Challenge participant
* Fantastic networking opportunities
Tournament Format:
* 18 hole stroke play
* Award to CEO for low gross score and spot in the Merrill Lynch Shootout Pro-Am
* Award to CEO with second low gross score and spot in the Merrill Lynch Shootout Pro-Am
* Award to CEO for low net score
* All players must present USGA cards signed and dated with current handicap factor
Qualification:
* Open to CEO’s, Presidents, and Owners of companies with at least $2 million in annual gross revenue (C-Suite executives of companies with at least $5 million revenue also invited to attend).
* All-inclusive cost: $3,800 per person (add $500 for guest fee)
* $1,000 deposit required upon registration
* Balance due: November 1, 2008
* Register online at www.ceogolfchallenge.com
