Get Real: AIG's 'Effect' Is Its Role In The Economy, Not Meetings

There are dozens of examples of similar media failures over the past few months, but the Los Angeles Times deserves particular attention after publishing on Tuesday "Corporate travel is in retreat, thanks to AIG." I'd like to be eloquent in my critique, but this is just (yes, it's the economy) stupid. Has the "AIG effect" resulted in some companies cutting meetings? Sure. There are some poll results showing that here and here. But let's get real. The bigger impact by far has been the recession, which the Times does mention, albeit in passing: "The AIG effect is battering a hospitality business that was already suffering from a slowdown related to the recession." [more]