All I know is that they just laid off people yesterday right after Father's Day. They promised no rifts until the pandemic is over and people will get advanced notice. They called the people working hard from home yesterday and told them today is their last day. They had a few hours to get what they need before they cut them off. How cold and cruel - What a bunch of liars. What is this world going to? It seem those who lies a lot, have no integrity, morals or scrupples gets the big paycheck. If this what their parents taught them - shame on them - all bad karma that will come back to them. They line their pockets with blood money earned by hard working people, they sit there like lazy ugy fat cats, give themselves big raises and bonuses, say they themselves did a fantastic job. Meanwhile those who work hard and are struggling to make a living to are given pennies and are expected to be grateful for the crumbs they give if any. If someone challenges and have integrity, they are eliminated, hoping they will have only followers left to support them. These executives are very selective in who gets the sweet pot, only their friends and lackeys who do their dirty work get it. There got to be a better world out there. Is AIG as an representative corporate example to follow - where is the SEC, Regulators and PwC? Are they going to do anything? This is the decay of the great AIG, like Rome will come to a crash. How any one be proud to say yes AIG is a great company to work for. Our Senior executives lies to us all the time and give themselves great raises and bonuses while we get a few crumbs if any. All you have to do is to support them like a loyal dog to get a small paycheck and whatever little bonus they may give you. When they want, they can kick you out with no regards to how hard you work, how loyal you were and how much you struggle to support your family. There is no regards on how the remaining people will be able to do your work. They spend a lot of money on getting one consulting companies after another to get them to be the blame guy when they rifted people saying they are they one who proposed the layoff and propose big pay off to the Senior Executives. These consulting expenses spent are in the millions, which could be saved. You know when these excutives get the can, they are laughing to the bank - they get full everything for 2 whole years. They are looking forward to getting canned. The current bunch of executives are all crooks who think they are above the law - it is FRAUD, THIEVERY, ILLEGAL, INHUMAN and SINFUL!!!!! Why do we all sit here and accept these bad people and let them take advantage of us. They should go to jail. AIG is going down fast and furious.
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It is unfortunate that they do not have any conscience at all or regrets - it is very sad that they have destroyed many people lives and dream - there will be a day of reckoning - so all of you who had a part of these dispicable actions - beware, you can roll in all of the dough you took from these hardworking helpless souls, the blood money you can enjoy for only a little while, but the payback time you are facing will never be fixed or erased with the money you stole and did not deserve. So laugh to the bank now, pay the reaper later in dividends since you caused a lot of pain, heart aches and despair.
Agreed, the senior execs get 200% bonus, then RIF a bunch of people
All senior managment in all areas are a joke. They are unqualified, unprofessional and know nothing. They bring in their ignorant friends in so they have someone to play with. They are like very naughty spoil children playing in adult shoes. When they want something, they demand, when they do not get it, they have a temper tantrum. When they cannot get what they want because it cost too much, they get rid of the workabees using the people who worship them to cut because they look cute. They really need a good spanking and taught a valuable lesson. Hope that other people do not take them as a good example. Why do we let spoil kids run AIG. We must have the dumbest people on the board of directors.
More crooked than the Mafia
And they wonder why morale is so low. What a joke the board is, BD and PZ and all of Senior Management. Worker Bees get nothing but kicked to the curb. It's a bunch of greedy crooks running this company into the ground and get paid to do it.
Brian D taking home 43Musd in his first year was nothing short of scandalous...
plus AIG had to buy his company...
And now, how is it possible that Blackboard gets written off (200+Musd) and there are no consequences for any of the Execs...? Actually, BrianD is probably the one that shd come down with it. He put Seraina Macia at the helm, someone that he brought with hin when AIG bought his company and who had been at AIG before with very poor results despite the millions spent in McKinsey projects...
The stock price is now way lower than 3 years ago when BD took the CEO position. Its ridiculous that he and others can get dozens of millions in pay every year with the sort of poor results that the company shows.
I was too ashamed to tell anyone I worked for AIG. They would call me crook and Liar. Meanwhile I didn't cause the problem and I didn't benefit from the problem but I did get kicked out at 63. At one time it was so prestigious to work on Wall Street. they only hired the cream of the crop from top schools with the best grades. Now it's a cesspool.
and do not forget, at that time, we had to hide the AIG logo in our ID from the public and also not tell people we work for AIG, else we would get lynced. Those executives did not have to worry. They had special pedrks where cars and drivers took them to and from work and wherever they wanted to go - on company money. It was us who had to take public transportation that had to worry and hope no one know we worked for AIG. The same special car services are still given to these crooks. This cost a lot of money that they can use to save the people they rifted. If we add all of these perks, we probably can hire back the people so they can support their family.
Yes company targeting older folks not just white men. Shame on Cuomo 4 what he did with the nursing homes. Don't forget AIG also bought back stock with the bailout money to boost the stock price for execs LTI and the shareholders. Remember when they took the company name off of 175 water Street cuz too many people were demonstrating outside
Hey there are other middle aged minorities that got rifted as well - not all white.
Either way, let's not lose focus. Why are we letting these a–hole exceutives get away with the money when they did not earn it. We all worked hard and did our part to make the money - they take it and spend it on themselves.
Politicians and Sr Executives are all crooks. How else did they get to where they are.
Was not a narrative- a challenge to make sure the whole picture is viewed. It’s a frustrating place to work and sad to see so many folks who hung on through the years discarded - a horrible situation to be in esp middle age or near retirement in these dire times. So sad. It was meant to be a cautionary thought - but since you don’t care it doesn’t matter. It may matter for a class action suit on age discrimination. One can only hope.
no, don't need to do homework, don't care that much. it was stated that this was my observation. it was never stated that this was fact in every department. for whatever reason, middle aged white guys are being targeted in my division, sorry that doesn't fit into your narrative, but it is absolutely true. multiple examples over years.
Perhaps it’s because the company lacks diversity and the majority are middle aged white guys - so the majority captured in the RIF net would obviously be middle aged white guys? With that said I do see this company RIFing older workers - regardless of race or gender. Do your homework.
This isn't meant to stir the pot, it is my honest observation.
The overwhelming majority of the people I have seen rifed have been middle aged white guys that are with the company for many years. The media has no appetite to help middle aged white guys.
If you could get a large enough group of people other than white guys you might get some press.
Which areas were RIF’d yesterday ?
lol karma you say? so far it goes to petey z and brian d in the forms of $20M. learn to code, pal
The new lay off employees can go to the street and demand change