Interesting discussion on AIG canceling its meetings

Is AIG paying cancellation penalties for the 160 meetings and events it was going to pay $8 million to hold before it got into trouble over a badly timed incentive trip? That's what one person who commented on a recent article outlining the cuts wanted to know--as do I.

And, like other commenters, if they aren't paying penalties, I worry about the fallout from all those dollars being pulled out of the meeting facilities they were going to use.

Anyway, it's an interesting discussion (and also, check out another related thread here).