Thread regarding AIG (American Intl Group Inc.) layoffs

Sound familiar?

The story of Enron Corporation depicts a company that reached dramatic heights only to face a dizzying fall. The fated company's collapse affected thousands of employees and shook Wall Street to its core. At Enron's peak, its shares were worth $90.75; when the firm declared bankruptcy on December 2, 2001, they were trading at $0.26. To this day, many wonder how such a powerful business, at the time one of the largest companies in the United States, disintegrated almost overnight. Also difficult to fathom is how its leadership managed to fool regulators for so long with fake holdings and off-the-books accounting.

Enron 2020

Well Investors and the Board deserve what they get. For approving the Initial Pay, Pay Raises, STI's & LTI's, along with the stock and other Benefits BD, PZ and many of their Buddies. Too bad they weren't paying attention.

saw a chart online last week that showed AIG at the bottom of the list when compared to how its competitors have performed since covid19. the stock started to tank right after the last earnings report well before the virus hysteria. last year was not a particular great one for aig, it was only saved by very little catastrophe activity and still only managed to barely squeak out an underwriting profit.

nothing was accomplished in 2019 that would warrant senior execs stealing a 200% sti, absolutely nothing. this was a complete money grab and it probably borderline illegal, but the media will not focus on anything other than the virus right now so it is the perfect crime for senior execs.

meanwhile, most employees are lucky, very lucky to maybe get 100% of their sti. this is a disgraceful organization no matter how the execs try to spin their actions.

You do not understand. There are many issues and problems with this company and we need to bring in the best to clean it up. Give BD another 2 years and it will be time for Pete to take over. Things will be get at that point