Corporate Money Laundering, What's $110 million amoungst friends?

October 2 2017:

AIG announced plans to buy the Blackboard unit in May when its chief executive officer, Brian Duperreault, left to become AIG’s new leader. The $110 million acquisition deal closed on Oct. 2. The Hamilton USA/Blackboard platform uses technology and data science.

May 2020 (get rid of evidence before you retire):

Yesterday AIG reported that it has decided, at the end of March, to place Blackboard, AIG’s technology-driven subsidiary, into run-off. “As a result of this decision, AIG recognized a pre-tax loss of $210 million, primarily consisting of asset impairment charges; this charge did not impact adjusted pre-tax income.”

Comment! It's anonymous!

8 replies (most recent on top)

It's all good.

They plan on firing domestic employees and replacing them with offshore. That will solve everything, right?

Maybe fire the execs and let the consultants run the company. Right now we see on org charts a consultant "shadow" for many manager roles, anyway. Do they really require someone to tell them how to manage? Or lead what's left of a demoralized and unmotivated workforce?

What has concerned me as much as anything is the lack of a clear road map on the future. Maybe the reason is there isn't one for AIG.

Even new grads in tech notice the unhealthy culture at AIG.

But it's all good.

"we'll get to that special place" - BD at our townhall #joke #inoverhishead #whatcouldgowrong

They really should have aimed higher. I'm thinking the sponsorship should have been a woman's badminton team. Better ratings, but it wouldn't come with an all expense paid vacation in England for BD/PZ and crew. They put some miles on the corporate jets for that trip.

The stock is down to $29, but you guys just keep partying like its 1999. Ken Lay would be proud!

I don't know what your talking about but I'm in a fantasy women's golf league and all we talk about is the aig sponsorship.

unfortunately for everyone below the exec level of aig the $110 million dollar man hasn't worked out so well. aig stock still below $30 a share as more million dollar execs are hired weekly at the expense of average workers.

aig can still sponsor a golf event so BD and PZ can take pictures for the contact page. really? a women's golf event? then try to spin that into a marketing campaign that proves aig supports women. lol, aig has the worst marketing department in the history of insurance. its almost as good as the "we know money" campaign right before the government bails you out. leadership is so out of touch. this company is doomed. I agree with the prior post, break it up while there is still something to salvage.

BD was in the correct place at the time. They went to him and asked him to take the job so they had to buy Black Board. Well Done! Now break up this company

or just one CEO

it takes a lot of rifs to make up for 110 mil

Thread regarding AIG (American Intl Group Inc.) layoffs

Corporate Money Laundering, What's $110 million amoungst friends?

8 replies (most recent on top)

Post a reply