i finally understand what AIG 200 was, firing everyone unil only 200 executives remain! This isn't AIG, THIS. IS. SPARTA. !!!!
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Haha, very true and the final number won’t be far off!
Agree with last post and AIG is an ATM for BD and PZs chosen few. They are selling off L & R to fund and extend their looting, then after a few years they retire or relax waiting for some su—r company to offer their hem a role because they were in a high level position begorey
LOL.
BD's plan has been consistent from day 1. Use AIG to leverage it's size and capital for the personal gain of a small group of top executives while cutting staff at the bottom to try to show positive progress to stakeholders.
Then in five years sell it in pieces or as a whole to the top bidder. The problem is that AIG can't write profitable business and show a consistent profit so there are no buyers. So after several failed years, BD rides off into the Bermuda sunset with hundreds of millions for no results.
This group of executives are one trick ponies. There plan to turn around AIG didn't work. Now they have no idea what to do. Hence we have Accenture and their "Top Talent" friends and family from around the country. Throw anything at the wall that sticks and if all else fails, cut staff to try to show progress. This approach can only last for so long before the gig is up. It will end badly for lower level employees when PZ walks away with his hundreds of millions in a couple of years.