Thread regarding AIG (American Intl Group Inc.) layoffs

What happened to Lucy Fato? Anyone know why they kept it so hush-hush?

According to Bloomberg Law her last day was 3/31. Did they force her out too?

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| 1155 views | | 3 replies (last 29 days ago)
Post ID: @OP+1syFm3oa

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I disagree with the rumors of her accumulating mass outside counsel bills. In fact, I work in Legal (midtown) and was told that during AIG Next, AIG wants to use less in-house counsel and contract with more outside counsel.

I think that she just earned too much and so was getting forced out like the rest of us “old timers” (I accepted the VERP luckily). Her departure was not only surprising, but appears to be contentious because she seems to have severed most ties to AIG.

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Post ID: @ydw+1syFm3oa

Surprised they didn’t promote her. I’m sure she left millions.

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Post ID: @ptt+1syFm3oa

Rumor is her financial recklessness in running Legal and accumulating massive outside counsel bills. Likely will end up at Dellwood…

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Post ID: @bfg+1syFm3oa

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