Cooled by gentle ocean breezes, the course at Monarch Beach Golf Links, provides a memorable golf experience.
This masterpiece, designed by Robert Trent Jones, Jr. runs along the dramatic bluffs of the Pacific Ocean and is fashioned in Scottish links tradition. It's got panoramic ocean views, and two holes adjacent to the beach.
I know... it sounds gorgeous, doesn't it? I hope to be able to play there one of these days. In the meantime though, the course, has unwittingly found itself in a not-so-welcome spotlight. You see, it's part of the ultra-luxe St. Regis Monarch Beach Resort... which is where AIG executives and sales agents partied, played golf and pampered themselves, for a week, just days after the federal government committed $85 billion of taxpayers' money to a bailout of their giant insurance company employer.
Outrage ensued, from just about every direction as congressional investigators released AIG documents showing that the post bailout bash cost
In any case, AIG's new CEO, Edward M. Liddy, seems largely unapologetic, asserting that the "retreat was a pre-planned event for a top-producing subsidiary." In fact, the company has complained that the retreat was "misunderstood", and declared "that it plans to go ahead with similar events as scheduled this fall".
As for me, while I may not be going out to Monarch Beach anytime soon I'm still planning to play Morefar this fall.
12 comments:
Well, it seems like they've already spent the $85 billion. Now the government is getting ready to give them another $37.8 billion.
This is getting crazy.
When I get bailed out I'm playing Pebble Beach. :)
Then there was CEO Richard S Fuld who gave himself 500 million dollars in salary and bonuses while Lehman Bros. where sinking in debt. Patricia I can feel your anger.
So when are you going to try to play Morefar? You should stream the whole thing live on the internet that way everyone could take part vicariously in a bit of lighthearted revenge. ;)
What about this: I read that AIG actually considered buying advertisements to explain the retreat, but a PR consultant told them it would be "a really bad idea..to spend the taxpayer's money on an expensive ad campaign to apologize for how you used taxpayer money..."
Duh...or so it would seem. I wonder how much of the taxpayer's money the PR consultant is getting for that brilliant advice?
Remember Half Moon Bay where Paula Creamer won last week? Well another of those big AIG executive retreats was going to take at a luxury resort in that town next week. Only they just cancelled it. I guess the backlash IS having some effect.
Monarch Beach is the most overrated course I've ever played. A couple beach holes with a little view but that's it. Snobby (and inattentive) service - but maybe that's because we weren't billionaire resort guests. Good conditioning, but not pristine. Maybe if I hadn't had such high expectations I wouldn't have been so disappointed.
A friend of mine told be the same thing about the Monarch Beach golf course - but she said the spa was awesome!
Today : "AIG Chief Executive Officer Edward Liddy ``ordered the immediate cancellation of all outside meetings, conferences, and recognition events across AIG, except those that are required by law or that are deemed absolutely critical to sustain our ongoing business needs..."
I would keep watching them though - clearly a group not to be trusted.
"Monarch Beach is the most overrated course I've ever played. A couple beach holes with a little view but that's it. Snobby (and inattentive) service - but maybe that's because we weren't billionaire resort guests. Good conditioning, but not pristine. Maybe if I hadn't had such high expectations I wouldn't have been so disappointed."
- AGREED!
Doesn't surprise me though... when the US Govn't is involved, they over-pay for hammers, toilets and now greens fees! ;)
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