by laying off experience really going to work for AIG? If you look at other companies, other than insurance that have cut to the bare bone, it never helps the company. It does quite the opposite. Experience gone, left with a few stragglers who are so mad, they don't care and are over worked and the work suffers. It suffers so bad because important details get left out and the customer, who makes or breaks any company, finds another place to do business. Is it worth damaging a companies reputation to have employees posting in a place like this because of the harsh way they have been treated? Reading these posts, it's not just a hand full of employees, it's an over abundance of people. Is BD the kind of leader AIG wants? Someone who makes an exorbitant amount of money with no care about the average person struggling to make a living? What is sad is this behavior from the leader will eventually backfire and it won't be pretty.
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True. It doesn't help to let talent go. PZ doesn't get it.
BD got paid a massive amount as a signing bonus. $12M.+
He doesn't even understand the financials properly. So, he brings in PZ. PZ is trying to focus but is having a hard time understanding the business. So, he brings in DD to manage as COO and she hardly touches her computer. so, now she has a big layer of directs.
Among the three of them, they square close to 50M per year without adding much value.
It is very sad. So many really great people are gone. If times are so tough why is AIG acquiring companies? Top level management is secure while they slash the low paid staff to meet a promise BD made to the street. How about writing some new business? Don't hear anything about that part of the business....get out there BD and bring in some big clients. It's ridiculous. You can't cut your way to a profit. You'll lose the company entirely.
Well BD certainly doesn't have to worry. If he gets cut before his contract is up, he will walk away a winner. If he stays until the end of his contract, he will walk away a winner. It's the company and the workers that will suffer again. Very sad.