Last post from me today. I am taking the family to New Yankee Stadium! If at some point the money supply dips sharply around 1PM, don't be alarmed. It's just me using my debit card to buy the kids lunch and souvenirs!
Robert Benmosche, the chief executive officer ofAmerican International Group Inc., plans to spend part of his first month leading the insurer in Croatia on vacation, according to two people familiar with the situation.
Benmosche, 65, who started yesterday as CEO and president of the bailed-out company, will leave for about two weeks, according to one of the people, who declined to be identified because the plans were private. Mark Herr, an AIG spokesman, said the New York-based firm wouldn’t comment on CEO travel.
“It’s probably not a propitious time for an incoming CEO to begin with a vacation,” said Steven Seiden, president of New York-based executive recruitment firm Seiden Krieger Associates. Seiden said that while the absence won’t hurt the company’s financial position, “from a public relations standpoint it’s probably not the wisest thing to do.”
Benmosche bought a Croatian villa, with 8,000 square feet of living space located along the Adriatic Coast, after visiting Dubrovnik in 1999, according to a 2004 Forbes magazine article. He paid about $1 million for the property, which was built in 1934 for the king of Yugoslavia’s treasurer and included four buildings and 150 feet of waterfront, the magazine said.
“It’s breathtaking -- you couldn’t find anything like this anywhere else,” Benmosche told Forbes. “I’m an hour’s flight to most places in Europe and a ferry ride across the Adriatic to Italy.”
People, I ask you. Could anybody possibly make this sh*t up? What were the choices?
- Another Goldman Sachs Board member or,
- A tone-deaf Ass-h*le.
How we doin?? Think about this the next "Pending Home Sales" or "Existing Home Sales" number comes out.
Ok, off to get fleeced at the Stadium. At least they're winning!