Hypocrisy at it's finest!

The decision was made to not give any of you a raise even though 4th quarter results were solid. Instead, AIG bought back billions of dollars in AIG shares to prop up the stock price. The following is public information based on SEC filings. Can anyone guess why stock price so important to AIG? At the very same time you were being told no raise, your CEO was cashing in almost 100,000 shares of stock. Keep working hard. Your 2% cost of living increase will come someday.

"AIG's current CEO has made over 43 trades of the American International Inc stock, according to the Form 4 filed with the SEC. Most recently he exercised 97,267 units of AIG stock worth $5,937,178 on 22 February 2022.

The largest trade he's ever made was exercising 132,423 units of American International Inc stock on 8 February 2017 worth over $8,083,100. On average, Peter trades about 22,923 units every 67 days since 2008. As of 22 February 2022 he still owns at least 186,806 units of American International Inc stock."

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Agree, only difference now is this group doesn't even try to act like they care about the worker bees. They take their bonuses, sell their stock and rub it right in your face while telling you no raise. So many people at AIG just take it and never speak up so why not?

If you are not C-Suite you’re just a cog in this massive slush fund. The Execs have been doing this for years. Buybacks and then cash out. Rinse, repeat.

It is not hard to see SEC filings. It's called Google. Take a look at the stock your leaders are selling. It is not just Peter. The entire group is making a fortune. I would assume they will be leaving in a few years. Just a few more years to milk the cash cow that is AIG.

Ignorance at it's finest. Peter joined AIG in Aug 2017. How can he trade $8M worth of stock in Feb-2017? Also he has been trading since 2008??

I wonder if they are also waiting for WC claims to move to Gallagher before raises. People are going to reevaluate their employment here if they don't give raises on the normal timeframe, especially in this competitive job market.

Take your annual salary and multiply it by 3%. Now divide that number by $60 (cost per share of AIG stock). That is how much stock buy backs it costs AIG to give you a raise.

"Ask not what AIG can do for you, ask what you can do to make PZ's stock more valuable."

You should be happy you aren't getting a raise. Be grateful you have a job.

No time frame was given for raises. AIG will think about it when L&R separates and if you are lucky and work really hard you may be considered, but don't count on it. We have to watch expenses!

Was there an announcement stating that raises aren't going to occur this year?

Thread regarding AIG (American Intl Group Inc.) layoffs

Hypocrisy at it's finest!

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