AIG was recently taken to task by the White House, Congress and Barack Obama for hosting a $440,000 conference that included expensive spa treatments for executives just days after the $85 billion federal bailout. Guess what? They’re going to hold another event and guess who’s paying it for it? You, me and your mama.
According to Bloomberg, the second event is to be held at Ritz-Carlton in California and is to help ‘motivate and educate’ about 150 independent agents the insurance.
AIG considered launching an ad campaign to explain its position. Thank god George Sard three PR consultant told them in an email message that it was “a really bad idea.”
You think M&C Saatchi New York, AIG’s agency of record, would want any piece of this? You guys are getting too twisted for advertising to mess around with. Who do you think we are – the tobacco industry? Note to the banking sector: You’ve been very very bad and no, we don’t want your war. Sorry. You’re riding solo on this one.
[image source] [Source: Tribble]