What's really happening in GI?
24 replies (most recent on top)
Hi buddy PZ lined his pockets, just like at GC. the "axe" as they called him at GC
and nothing of value was lost
Evan should buy the firm and integrate it into Chubb.
I would say a cross between a dumpster fire and a nuclear meltdown are a good way to describe GI. More change on the way, and not the good kind.
ed dandridge - GONE! who will interview PZ going forward?
Enough with relics....new blood with new ideas. Times have changed and so has the insurance industry. Clean out the top.
they can't leave yet they're not done s—ing the company dry. Bring back Hank
BD and PZ by their own proclamation said give us 3 years and we will turn AIG around. It was widely viewed during the first town hall.
You failed, bye bye.
Wish we could bring back Benmosche.
No more relics, things have changed. We need a complete upper transfusion.
Rome is burning....keep playing that fiddle.
Bring Hancock back! A concerned stockholder
As bad as Hancock was, BD and PZ are much worse. Hancock had the stock in the 60’s....Bd and PZ come along and drive it to 30 right before Covid. Most other insurance companies were up 20 to 30% from May 2017 to early March 2020....AIGs stock went to half in that time WITHOUT a stock split. Wrap your head around that....
Agree Hancock was terrible, but the current regime has been at this almost 4 years now and many of their results are worse than Hancock.
BD and PZ sold themselves as insurance geniuses. The stock is below $30. It was double that with Hancock. It’s time to put up results or get out.
It is very concerning to see so many senior people leave after 3-4 years. Is it because they are quickly worn out by the number and complexity of problems that plague this company? We lost so many good mid & senior level people under Peter Hancock, so now the current team has to determine how to glue it all back together. I read so many comments on this post that are down on the current leadership team. I can't comment on them, but the ones that absolutely destroyed this company was Peter Hancock. It will take years to recover from what he and his team of "i don't need to know anything about insurance" destroyed. I have been with this company for over 30 years (and not in management) and trying to hold on for a few more. Hopefully D & Z will be able to figure out how to glue humpty dumpty back together again.
All I know is the CIO looks like someone off To Catch a Predator
Outlaw Pete, Outlaw Pete....fitting song?
Absolutely agree. The employees are getting slammed on both ends first by the executives who hire their buddies at outrageous comp. And then by the Consultants that their buddies hire - who are buddies of Buddies. Its criminal. But the board allows this. And the Working Man is powerless. I guess the board are buddies of buddies of buddies
Again with last post about them looting the company and bailing. Except AIG is getting looted a 2nd time by Accenture.
If your buddies are jumping ship, that is a sign that you are a terrible leader
Well this is no surprise. When executive hire their buddies they have no idea until they get here what a train wreck they're walking into. Then they bail but not until they've looted the company and raped it dry. Who else from GI is leaving?
i already saw 2 announcements today of GI leaders leaving.. more to come hang on.....
Add global chief of marketing to the parade! Let’s keep it going. It’s about time for current leadership to jump ship before it sinks.
No, golden parachutes and employees leaving are a way of life at AIG. If you have been at AIG long enough, you will remember the famous words of BD's predecessor that rifs were a way of life, and YOU were not expected to retire with AIG.
Could this be the beginning of the inevitable executive exodus when all the golden parachutes take flight????
Nobody knows