Citi Bailout Paid For Canceled Junkets

Just wondering when America has had enough (although the blogs are pointing out that the antitax protests in this country are being ignored by the MSM. Why am I not surprised at all?).

"Citi defends pay for canceled trips" by Bloomberg News | March 10, 2009

NEW YORK - Citigroup, the recipient of $45 billion in government rescue funds, doled out $13 million as compensation to employees whose trips to resorts the company was forced to scrap, two people familiar with the matter said.

Citigroup paid 1,900 agents of its Primerica Financial Services Inc. unit $5,000 each for missing a three-day stay at a Bahamas resort, the people said, and some 2,000 Smith Barney brokerage advisers got debit cards valued at $1,000, $2,000, and $3,000 for canceled getaways.

Where's my debit card?

Primerica paid the agents, who are independent contractors, because they won a sales contest. "We were legally obligated to do so," Susan Thomson, a Citi Holdings spokeswoman said. Primerica and Smith Barney, both profitable businesses, are part of Citi Holdings, a new unit of Citigroup.

Smith Barney paid the brokers because "in the most aggressive recruiting environments in the history of our industry, we need to reward, retain, and develop the best employees of these profitable Citi businesses," Thomson said.

They are LUCKY to even HAVE JOBS!!!

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Warm up the guillotines, America!