Accounting Web -- If the AIG debacle seems to have calmed down while Congress is in a long spring recess, think again. The ripples are being felt everywhere. The Los Angeles Times reported this week that U.S. companies have canceled about $1 billion worth of conferences already this year, further battering the hospitality industry which was already suffering the effects of the weakened economy. Are CEOs trying to avoid the images of corporate pirates frolicking in bathtubs full of champagne and caviar while the “little people” are forced out of their homes?
