Thread regarding AIG (American Intl Group Inc.) layoffs

AIG reports eraning on May 4th. Should be interesting

Pete and BD got 6 million bonus.
Stock is at 23.85
In the last 3 months the stock has gone from $52 to $24
Lay offs continue
No new systems
Not writing new business
Other companies are taking there business or they are leaving.

What should Pete and BD dooooooooooooooooo?

by
| 1699 views | | 12 replies (last )
Post ID: @OP+14zb7Jrh

12 replies (most recent on top)

BD blames all of AIG problems on Covid.

by
|
Post ID: @erlj+14zb7Jrh

In the past 3 months the stock has gone from 52 to 25. Nice job management! Wow they get paid for this. I hear other CEO are giving up their pay for the rest of the year. HUM, will Pete and BD do this?

by
|
Post ID: @8xiq+14zb7Jrh

What the....is the board smoking crack? These guys are bleeding the company dry!

by
|
Post ID: @8oen+14zb7Jrh

I think Pete and BD should resign, all they do is rely on consultants to tell them what to do, we can save $40 M plus a year if they did.

Wait, I should have said that, now the consultants can pitch it to the board and charge AIG $5M for that one piece of advice

by
|
Post ID: @3bol+14zb7Jrh

So much greed. Senior Leaders and Exec's from some of our competitiors and other large and small companies have given up their STI's and some have even taken a short furlough of pay for a few months. They have given back to their companies to help the employees that don't make what Management and Senior Management make. 200% is ridiculous. How greedy. Shameful.

by
|
Post ID: @3bew+14zb7Jrh

The analysts and shareholders need to hold the board and management accountable for mediocre results at best, but HUGE payouts to the top few.

They get 200% STI for bringing in a bunch of high paid consulting companies to do their job for them?? Let’s apply the model throughout the company....Hire expensive consultants to do everyone’s job, give everyone 200% of target STI, huge expense accounts, and use of private jets.....

Next earnings call, the analysts need to ask real questions or just not attend and downgrade the stock

by
|
Post ID: @3mvy+14zb7Jrh

AIG Stock: results, 9 out of the last 15 have been negative. Great Job management. The Board should review compensation.

by
|
Post ID: @2jwh+14zb7Jrh

The $6m is to compensate them from the fact that their equity awards are now worthless :)

by
|
Post ID: @2pqn+14zb7Jrh

pete and BD are just laughing behind closed doors. Any negative comments they will say you don't understand and or have all the facts. $6,000,000?

by
|
Post ID: @2spw+14zb7Jrh

Wow, stock is down to 22.39. Great Job! They should cut expenses.

by
|
Post ID: @1wbg+14zb7Jrh

work slowdown

by
|
Post ID: @1gmb+14zb7Jrh

Stock is at $23.00 this morning. Nice! Pete and BD are working hard for their $6,000,000. What did we get?????????? $500 nice

by
|
Post ID: @1veo+14zb7Jrh

Post a reply

: