Thread regarding AIG (American Intl Group Inc.) layoffs

Should PZ be looking to move HQ out of NYC. Why stay there

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| 1440 views | | 10 replies (last April 4)
Post ID: @OP+1rlVVu7w

10 replies (most recent on top)

Post ID: @tcle+1rlVVu7w $400 per month on the GC trains is a conservative estimate. Try $500 per month or $6000 per year compared to the MTA Subway trains at about $150 per month. MTA is Not perfect or ideal. It's a H3llH0le and like a "public transportation" system in a third-world country, but it is cheaper than the Grand Central trains, LIRR and NJ Transit.

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Post ID: @xqqk+1rlVVu7w

Post ID: @uybg+1rlVVu7w In which states do you suggest AIG move to ? The populous states (e.g. NY, NJ) will have higher concentrations of talent.

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Post ID: @uknd+1rlVVu7w

Really?? NY isn't even at the top of the list for most domiciled insurance companies. Yes, some staff in NY but naive to think it can't/shouldn't be moved

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Post ID: @uybg+1rlVVu7w

Post ID: @tcle+1rlVVu7w This is true. Unilever moved to New Jersey from New York 25 years ago and has problems attracting and retaining talent. Even before Covid, Unilever allowed employees to work from home 2 to 3 days per week in order to retain employees. After Covid, Unilever allowed most of its employees to be fully remote but it also depends on who the direct manager is and if the manager allows it. Employees can still go to the office and work in person if they choose to do so.

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Post ID: @tiwc+1rlVVu7w

If PZ or whomever CEO moves AIG out of New York, AIG will meet the same fate and have the same problems as UBS and other companies. When UBS moved its Investment Bank and other departments to Stamford, CT 20 years ago, UBS had and continues to have difficulty hiring talent and also attracting and maintaining clients. Who the Fvck wants to commute to work 2+ hours at a minimum round trip on the Grand Central Station trains when those trains are constantly delayed and are more expensive than NYC subways?? GCT monthly tickets are at least $400. And clients do Not want to fly to CT. They want to fly to NYC, go to restaurants, Broadway shows etc. There's nothing to do in CT and CT is All Suburbs where you need a car to go anywhere. UBS has been considering moving back the depts in CT To NYC. So of course, NY and CT states are in a fight over which state gets UBS. If PZ moves AIG to New Jersey or CT, AIG will have the same problems as UBS. New Jersey is also mostly suburbs where you need a car. Even if AIG moves to Newark, Jersey City or other NJ metro-areas, the commute from NYC requires at least one train transfer, will be a longer commute and more expensive.

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Post ID: @tcle+1rlVVu7w

Fox news my ar-e....National Guard are in the NYC subways....ya....real safe place mrn.

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Post ID: @qlhf+1rlVVu7w

Y’all need to lay off the Fox News. NYC is fine and young people still and will always want to live here. Considering insurance is full of near-retirees, this matters.

The answer is talent and proximity to capital and brokers.

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Post ID: @2ytv+1rlVVu7w

NYC is not safe anymore because of the crimes and bail laws. People and businesses are leaving that state more and more every day.

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Post ID: @1ojl+1rlVVu7w

NY state might say you are a bad blue company. Then say you are lying about an agreed on value with another company. Then sue you for 500 million.

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Post ID: @gsc+1rlVVu7w

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