Thread regarding AIG (American Intl Group Inc.) layoffs

And no one see a problem here?

regarding the prior post about blackboard. a quick google search of Hamilton Insurance (blackboard) documents the following chain of events.

bd started Hamilton in bermuda, ran hamilton company before coming to aig. bd came to work at aig and aig paid Hamilton $40 million dollars severance to let him leave. shortly after, bd uses aig to buy his former company for $110 million dollars. then 3 years later, bd sells or dismantles the company that he used to own after adding no value to aig as a whole.

I can't believe this is legal?

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Post ID: @OP+14PclEmM

7 replies (most recent on top)

There's a reason Brian has the biggest house in Bermuda. I need to change my career goals to s—ing up to egocentric self aggrandizing individuals to get in the inner circle so I can feed on th carcasses of once great companies.
Nah, I would rather be able to look at myself in the mirror.

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Post ID: @5orq+14PclEmM

corporate embezzlement, legal or not it shows the moral character of aig execs. scumbags

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Post ID: @3jbg+14PclEmM

Totally legal and board approved.

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Post ID: @3zby+14PclEmM

This was all publicly available knowledge back when it originally occurred. But because Hancock was so terrible no one cared about what AIG did to get BD on board.

Oops.

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Post ID: @2ztx+14PclEmM

someone needs to evaluate the transaction valuation ASAP!

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Post ID: @1ian+14PclEmM

Legal yes, ethical, who knows...

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Post ID: @kkt+14PclEmM

Surprised no comments, this is huge!!
Should be conflict of interest no doubt!!!

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Post ID: @wdl+14PclEmM

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