Wait a second, when I do the math for 70 people for a week, I get about $125 per person per day, and that doesn't seem that expensive. Especially for a retreat where they're going to be deciding how to save the company.
Seems to me the outrage on this is a little overheated.
Update: I slipped a decimal point, it's $1270 per day, which is over the top by anybody's definition.
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I think your decimal point may be in the wrong place. ($440,000 / 5) / 70 = $1,257.00 per day per participant. And yes, I call that a boondoggle. Besides, the "how to save the company" had already been placed squarely on the shoulders of the American taxpayer to the tune of $85 billion bail out.....
Where I work, when times are hard, we have "offsites" ON site and bring our own lunch.......
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