I can’t say that I see any signs of revival or getting back to basics that our CEO speaks of. On the other hand, the man claimed no more than a 43 million dollar bonus.You got to sympathize with him. What’s he supposed to say? He certainly can’t say that we are in the same hole we were before him.
https://www.reuters.com/article/us-financial-crisis2008-aig/after-its-near-death-aig-ceo-plots-revival-by-returning-to-basics-idUSKCN1LQ15Y
Can someone answer how they are getting away with no increases for employees for the past 10 years... how is this possible ?
Well another two losing quarters may wake up the board of directors. Also how much money is AIG into for the current hurricane losses. The problem is the CEO is going to stay. Ousting him would cost AIG huge buyout money .Then who would want this job and they would probably need to pay more than the 43 million they are paying now. The layoffs will continue through the end of the year. This company was a great place to work at one time. Not sure this is true any more
"Who, is making him accountable for performance??????" -- That would be the board of directors, but they are not feeling the pinch yet. The board will be made accountable by the shareholders and it will happen once the stock drops below the 50 psychological damaging mark.
"In two interviews, Duperreault detailed plans to expand AIG’s international reach, improve underwriting practices and make employees feel proud to work at AIG, but also more accountable for performance"
Who, is making him accountable for performance??????