Wednesday, March 25, 2009

$165 Million Banquet for AIG Recipient’s who Returned Bonus Money

Washington - Fifteen of 20 American International Group leading bonus recipients who agreed to give back their bonuses in full were recognized by President Obama Tuesday night with a banquet that cost nearly $165 million.

The banquet was held at the lavish Willard Hotel on Pennsylvania Avenue, where a wait staff of 100 lavished humble AIG employees with the finest meat, cheese, and champagne in the world.

“These men are examples of the kind of giving that needs to take place more often in this country, and I laud their attempts and want to do my part to give back,” President Obama said, presenting the fifteen men with gold plaques estimating $10 thousand each.

Their courage and cooperation had the men partying well into the morning hours dancing in the ballroom and smoking some of the world’s finest cigars in the hotel lounge.

“This is far better than anything I could have dreamed of doing with the money,” AIG employee Warren Dykamore said.

Another recipient of the plaque stated, “It is too heavy to hang on the wall of the tent I now live in, but I will keep it close to my heart.”

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