Thread regarding AIG (American Intl Group Inc.) layoffs

STI Yearly Bonus

Has anyone heard anything about the yearly bonus ?

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Post ID: @WQiiuIe

24 replies (most recent on top)

When will you be informed? When youre called in to your rif meeting.

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Post ID: @WQiiuIe-Tftt

How much is the STI?

When will we be informed?

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Post ID: @WQiiuIe-Rcyn

Everyone is getting STI - even the non-performing units such as Investments and Finance - both of them didn't meet their numbers or goals and yet will get handsomely rewarded with fancy STI %s.

...bah humbug -- pencil pushers

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Post ID: @WQiiuIe-Qvnk

75% on STI despite of losses.

The labor market is 'tight'!

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Post ID: @WQiiuIe-Okvm

All wrong. STI assured. Higher than predicted. TDC adjustments included.

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Post ID: @WQiiuIe-Lznf

Don't worry about the 24s, they get their STI.

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Post ID: @WQiiuIe-eowj

Managers get a nice chunk for STI. They should be held at a higher standard to help those they manage do better. Again, my manager is very fair but still has her favorites and has typically compensated favorites more favorably.

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Post ID: @WQiiuIe-bmqx

Some more details about Sti have been posted on contact. Grade 20 is the split for when sti depends on performance of company

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Post ID: @WQiiuIe-adji

Read the 2013 Compensation Plan guidelines for STI.

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Post ID: @WQiiuIe-8vtp

when was it discussed?

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Post ID: @WQiiuIe-8phw

STI has only been in existence for about 7 years. The company is losing big money each quater for the last 3 years. It has been discussed several times by AIG of getting rid of it. It's not a sure thing especially now days.

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Post ID: @WQiiuIe-7gfq

Why are you saying no STI this year? What's the basis?

When I was recruited three years ago, recruiter told me STI has always been paid out. Is there a precedence that STI was not paid out?

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Post ID: @WQiiuIe-7oqd

There will be STI bonuses this year but smaller than last year.

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Post ID: @WQiiuIe-6cqn

No STI this year

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Post ID: @WQiiuIe-6wce

When AIG was in the 2008 mess I confirmed

Last year they still paid a portion of the STI. As the other person stated it’s based on pay grade. So the sky isn’t falling any faster than it was previously.

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Post ID: @WQiiuIe-5skt

Are they happening is a good question. If we cannot even get any cash to celebrate the holidays I have serious doubts about the STI.

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Post ID: @WQiiuIe-5wpc

Are STIs happening?

Was STI paid during 2008 crisis or thereafter until 2010?

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Post ID: @WQiiuIe-5vyb

It’s all based on job grade. 22 and below will receive STI as usual or maybe a 90% rate. 23 and above will get severe reductions- anywhere from 50% to 0.

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Post ID: @WQiiuIe-4nhx

Wouldn't this FASB accounting rule affect the earnings by insurers?

https://www.insurancejournal.com/news/national/2018/06/11/491754.htm

The company had some $30B of exposure as per 9-Nov 13F holdings report filed with SEC. If unhedged, then as of today, most likely there is a 11% drawdown or $3.3B.

Let us hope that it is hedged and/or offset by the other securities (worth ~270B or 9x).

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Post ID: @WQiiuIe-3opi

cheer up fellas...

see this bullish note:

https://www.americanbankingnews.com/2018/12/28/american-international-group-inc-aig-receives-consensus-recommendation-of-buy-from-brokerages.html

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Post ID: @WQiiuIe-2kmv

How can they pay a BONUS???

American International Group's Recent Financial Performance

For the three months ended September 30th, 2018 vs September 30th, 2017, American International Group reported revenue of $11,486.00MM vs $11,751.00MM (down 2.26%) and analysts estimated basic earnings per share -$1.41 vs -$1.91. For the twelve months ended December 31st, 2017 vs December 31st, 2016, American International Group reported revenue of $49,520.00MM vs $52,367.00MM (down 5.44%) and analysts estimated basic earnings per share -$6.54 vs -$0.78. Analysts expect earnings to be released on February 14th, 2019. The report will be for the fiscal period ending December 31st, 2018. The reported EPS for the same quarter last year was $0.57. The estimated EPS forecast for the next fiscal year is $4.91 and is expected to report on February 14th, 2019.

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Post ID: @WQiiuIe-2rao

Guy who quoted Clark. Go f yourself. We know you have daddy's trust fund to live off of.

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Post ID: @WQiiuIe-2hhz

What a stupid response

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Post ID: @WQiiuIe-1muu

"if I don't get that bonus check, I'm in deep doo-doo..."

  • Clark Griswold
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Post ID: @WQiiuIe-klh

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