If we look at corporate performance in the early part of 2009, when we were going through amassive rationalization of corporate expense statements, companies were cutting costs by 20% or 25% in the face of serious sales declines.
The Public Accounts Committee said that as a result of the practice, parliament was not being given a full picture of the expense incurred by massive purchases.
In addition to the massive room expense, the MGM Grand added a new comedy club, Michael Mina restaurant, and what is sure to be a major Vegas attraction, a new five-story combination nightclub and restaurant spin off of London's famed Hakkasan, to debut in May.