AIG Employees fly in secrecy and evermore on the taxpayer dollar
Posted by defensebaseactcomp on April 13, 2010
Off the Radar: Private Planes Hidden From Public View
We’ve only claimed that they are greedy and ruthless, never that they were stupid
Taxpayers subsidize system
The use of corporate jets stoked the anger of the public and even President Obama in the wake of the 2008 financial crisis and government bailout as banks continued to buy planes and fly executives to resorts and vacation homes.
Firms such as AIG decided to sell aircraft and cancel purchases of new ones. AIG spokesman Mark Herr said in an e-mail that AIG blocked its aircraft years before the meltdown.
“It’s been AIG’s historical practice going back years to not disclose its aircraft identifiers to the general public,” Herr said. “In light of the surge in numbers and intensity of the threats directed at the physical safety of our employees, it’s only common sense to continue this practice.”